801/18-20 Bank Place, Melbourne VIC 3000

A very rare prospect to own a piece of this iconic, Heritage building is yours. Located in the Metro Hotel on Bank Place this lovely apartment offers a great return and potential capital growth for years to come. There are very few apartments that offer such an illusive and sort after opportunity and therefor we expect this apartment to sell quickly.
With a robust return of $16,789 this property will provide a net return of 7.36% On top of this great return the apartment has a long term lease until 2024 that includes yearly 4% cpi increases. Owners will also enjoy 100% occupancy, no late payments and a reputable tenant being the metro Hotel group.
Inside this apartment is fully equipped and recently renovated with all modern appliances, clean and tidy surrounds and great views of the city street scape. This genuine one bedroom has floor to ceiling windows, stylish galley kitchen along with light filled surrounds.
Situated in one of Melbourne?s most sought after and historic laneways this property is close to Collins St Shopping, some of Melbourne?s most stylish restaurants, local cafes , bars and only a short stroll to the Yarra river precinct. Close to trams and less than 1 km walk to Flinders St Station.
This ?set and forget? investment opportunity is a must for fussy investors looking for a unique opportunity in the Melbourne CBD. We all know that they don?t make buildings like this anymore and they don?t come up in this price range often. Take the opportunity at hand and make a time to inspect today.
Call Nick Richards on 0404 099 310