310/133 Jolimont Road, East Melbourne VIC 3002

This income-producing studio apartment is currently leased to the Mantra Group and represents an excellent income stream for your SMSF or personal investment portfolio. Leased until August 2019 with an existing option to extend for a longer term.

Fully self-contained with a kitchenette and access to quality amenities including onsite secure basement carparking, outdoor settings, heated pool and spa, well equipped gym and restaurant.

Jolimont Apartments are ideally located in East Melbourne right on the doorstep to transportation, parklands, MCG and other sporting and entertainment venues, the vibrant Richmond precinct and the multitude of CBD offerings.

In addition to the rental income, there is an annual building depreciation allowance of approximately $2,300 and a depreciation allowance for a recently installed air conditioner unit. Gross income of $9,447 PA represents an 8.2% gross yield and 5.7% net.

If youre searching for a very affordable long-term investment option which generates a regular steady income stream then this apartment is a terrific option. Contact us to for more details.
Inspection by appointment.