North facing one bedroom apartment in one of Melbourne's most sought after heritage buildings. Built to stand the test of time, this rock solid historic building offers the highest quality of construction and the charm of days gone by.
Features: Open Plan living and Kitchen area. Dishwasher, euro stlye laundry, electric hot plate cooking. Master Bedroom with Built in robes, ensuite bathroom. Split System Air-Cond/Heating.
Rare period features including original period windows and very high ceilings.
This excellent investment opportunity comes with a secure tenant and is leased until April 2014 plus 2 x 5yr options. Enjoy the high rental yield and minimal hassle.
Current Rental as of April 2010 is $1051 per calendar month ($12,612pa).
The rental increases automatically each April by CPI (inflation) which is normally approx 3%.
The tenant pays the annual body corporate fees and the water rates. the tenant owns and maintains the furniture. the...