BIG, BRIGHT AND SPACIOUS TWO BEDROOM AT THE TOP END OF TOWN!

1212/39 LONSDALE STREET, Melbourne Vic 3000

Price: $332,000

2 Bedroom 1 Bathroom

Building area: aprox 52 sqm

If what you’re after is a spacious two bedroom in the best part of the city without breaking the bank, then this very large two bedroom apartment right in the heart of the Chinatown precinct will suit you very nicely indeed.

Situated on the 12th level and featuring a fantastic uninterrupted view of the city, this apartment consists of approximately 52 sqm, large open plan living, dining and kitchen area complimented with two large bedrooms and built in wardrobes.

It’s actually rare that such a large apartment becomes available in the building as most of the two bedrooms consist of a relatively smaller floor plan with smaller kitchen facility and living area, but this is big and spacious all round with floor to ceiling windows in both the living area and bedroom which provides for plenty of natural light.

Fully furnished, air conditioning with heating and cooling, one of the biggest features of this apartment is the kitchen with it’s very large L shape bench top giving you plenty of preparation area for both cooking and storage while still retaining ample room for equipment such as a large fridge and appliances, even a dishwasher and/or a built in laundry with room for a washer/dryer combo if you want

Formal entry with bathroom leading off the entry hall, high ceiling area and a good feeling of spaciousness around you and useable space as well.

Apartment 1212 is now available for sale and currently leased at $2167 PCM ($26,000pa) with a solid and sustainable 7.5% gross and just under 6% net return for the savvy investor and these mathematics will only increase given the population growth rate and demand for rental properties in the building which are continually going right through the roof because of the constant demand.

Absolutely perfect for Air BNB if an appropriate apartment in the right location is what you’re looking for, given this location particularly around the theatre and Chinatown precincts and Air BNB already exists in the building with very favorable comments reported from current Air BNB operators/investors in the building reaping very impressive returns.

Well run owners corporation company “Engine Property Group” maintain the building exceptionally well, excellent building management and very high-tech security and surveillance in place.

Currently leased until January 2020 and available with vacant possession at the expiry of the current lease.

This is a unique opportunity given this apartments size, floor plan and views and something that very rarely becomes available and is expected to be sold quickly so make sure you don’t miss out!

INSPECT AS ADVERTISED. CONTACT AGENT ON 0422 060 234 / (03) 9663 0988 FOR FURTHER DETAILS.