Over 6% Net Yield Investment Opportunity
1208/31 City Road, Southbank
This fully-serviced, one bedroom apartment is an outstanding investment in the popular Mantra building where it has the security of a 10 year lease agreement in place with Mantra. A blue chip position in the shadows of the Arts Centre Spire is just moments from Southbank, Flinders St and the CBD, as well as so many iconic Melbourne Special Events, ensures that this immaculate apartment is positioned for outstanding occupancy.
Offering guests the use of a swimming pool, gymnasium and sauna, as well as a bar / restaurant, Conference Centre and reception desk, Mantra is a well-respected brand offering a reliable guest experience. Consequently, the facilities are first class, demand is high and the market appeal sure to endure.
The apartment itself is attractive with 12th floor views that span from the city skyline to the Dandenong Ranges, an easy-care galley-style kitchen / living with a TV and another TV in the bedroom which has robes. A generous bathroom and European laundry complete the efficient package.
As Melbourne’s population continues to grow and its reputation as an events destination flourishes, this city-fringe location near all the key attractions, the Arts Precinct, the MCG and sporting venues will always be in demand.
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