404/11-17 Cohen Place, Melbourne VIC 3000

Investors this one is for you! We all know investing is all about returns and your bottom dollar; this studio apartment will generate a handsome return for its new owner. With a rental income of $1272.73 per month this apartment represents a return of 7%, with a guaranteed 4% rental increase annually. This is an excellent opportunity if you are looking to add to your portfolio and take advantage of an effortless investment with a long term secured lease and the only expense is a Capital Sinking Fund which is approx. $750 P/A. There are no general maintenance costs, body corporate fees and council or water rates, perfect for the astute investor.

This is a fantastic opportunity to secure a prime inner-city studio apartment in Punt Hill Apartment Hotel, the ultimate lifestyle location, within close proximity to the Melbourne's most popular cafes, bars, restaurants, theatres, gardens & transport. The contemporary apartment is fully furnished and comprises of an open plan design featuring a balcony, stylishly appointed bathroom with bath and laundry.

Features Include:

- High yield investment opportunity
- Prime inner-city location
- Spacious open-plan studio with elevated views and balcony
- Fully furnished
- Sleek kitchen with gas cooking
- Stylishly appointed bathroom with bath and laundry
- Security building with intercom & lift access
- Conference room, resort style lap pool and gym
- Monthly rent is $ 1272.73
- The current 1 of 3 Five Year extensions expires this year
- Lease extensions are automatically renewed
- Guaranteed annual 4% rent increase
- Only expense is Capital Sinking Fund which is approx. $750 P/A

Punt Hill Apartment Hotel is located in the heart of historic Chinatown, an ideal address for tourists to experience some of the best culture and entertainment that Melbourne has to offer. They offer excellent apartment hotel accommodation renowned for their service and hospitality with exceptional facilities including conference room, resort style lap pool and gym.

Do not miss this opportunity as this investment ticks all the boxes. Call Michael Torcasio on 0434 351 468.

Property Code: 2525