Sold $290,300 - Apartment, Unit/Apartment
SPACIOUS TWO BEDROOM AT THE TOP END OF TOWN. MOVE IN OR LEASE OUT
1006/39 LONSDALE STREET, Melbourne VIC 3000
2 Bedroom 1 Bathroom
Nestled away at the top of busy Lonsdale Street, this spaciously designed two bedroom apartment is situated in Global Village and located on the tenth floor which you can either move into or lease out as an excellent investment property.
Fully furnished and currently leased, this apartment features two bedrooms with built in wardrobes, an open plan living and meals area, good size kitchen area complete with appliances, separate bathroom as well as air conditioning and heating.
Location is absolutely perfect too! Right at the top end of tree-lined Lonsdale Street and handy to popular precincts such as China Town, Theatres, Spring Street , blue chip Collins Street, QV Shopping Centre, RMIT in Swanston Street and over to the north of town in Carlton with Melbourne Uni and ACU and St. Vincents Hospital on Victoria Parade.
For investors, this apartment is currently leased at $522 per week offering a very attractive and sustainable 8.2% return which is a lot more than what is available from any of the banks these days!
Rental figures and demand in this particular building are significantly higher than most comparable buildings in the CBD and this makes it a very popular investment power house for generating solid income and demand and is absolutely perfect for investors looking for tax relief as well as short and long term benefits in terms of yield, rental income and capital appreciation.
Reasonable outgoings calculated at approximately $5500 pa in total and investors can expect an approximate 6.5% net return.
Alternatively, if you’re looking for something to move into, either permanently or part-time as a city base, vacant possession is available at the expiry of the current lease which occurs shortly so you can move in virtually straight away if you want.
Definitely an apartment worth short listing and inspecting!
INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.
CONTACT 0422 060 234 / (03) 9663 0988.