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“An Investor's Dream”
One of Melbourne's most sought-after locations, Franklin Street is home to the Queen Victoria Market, Flagstaff Gardens, as well as an array of attractions in and around the city center. It is an outstanding opportunity for investors to own this 2-bedroom apartment in The Milano complex, with a secured return to investors.
Well-presented this quality residence delivers a spacious lounge and meals zone with access to a balcony with great south-east views, sleek stone kitchen with stainless steel appliances and breakfast bar, both bedrooms with mirrored built-in robes, dual entry ensuite accessed via both bedrooms, European laundry, reverse cycle heating and cooling, additional wall heating, and secure intercom entry.
Residents of Milano will have access to an indoor heated pool, spa, sauna, gymnasium, cinema & club lounge, tennis courts, BBQ. You're also close to RMIT University, University of Melbourne, Melbourne Central, State Library of Victoria, QV Shopping, buses, trams, and Melbourne Central Station.
** This property is for astute investors only - not for owner occupation**
Rent: $1,950 pcm / $23,400 pa
Increase: Yearly CPI
Return: 5.75-6.0% pa
Lease: Ends 24th January 2027
Option: 2 X 5 years
Milano Service apartments covers:
- Repairs and maintenance cost
- All outgoings including owners corporation fee, council rate & water rate
Inspection by appointment only, please contact Eamon on 0413 889 388