404/11 Cohen Place, Melbourne VIC 3000

Located in the heart of Chinatown, this smart fully contained studio apartment is an investment opportunity worth consideration. Attracting rental income of approx $1421 per calendar month, with a guaranteed CPI increase of 3% annually. Situated to maximise convenience and everything the world's most liveable city is famous for, including Melbourne's theatre district and the free tram zone, this would suit a self-managed superannuation fund or first time investor alike.

Accommodation: fully furnished, approx 32sqm internally, plus balcony, reverse cycle heating and cooling, functional kitchenette, study area and full size bathroom with laundry facilities. Facilities include: indoor heated pool, gymnasium, reception desk, secure entry.

INSPECT BY APPOINTMENT ONLY. Please contact Rhiannon 0400 341 429 or Hans 0432 042 398 to arrange a suitable time.

MEDIAN HOUSE OR UNIT PRICE FOR THE SUBURB: $345,000

INDICATIVE SELLING PRICE: $249,000

COMPARABLE SALE 1: 803/250 Elizabeth Street, Melbourne. SOLD $272,800- 08/01/2018- 1 Bed, 1 Bath.
COMPARABLE SALE 2: 706/339 Swanston Street, Melbourne. SOLD $240,150- 02/10/2017- 1 Bed, 1 Bath,.
COMPARABLE SALE 3: 1810/181 A'Beckett Street, Melbourne. SOLD $232,000- 12/12/2017- 1 bed, 1 Bath.