Perfect Investment Option-Student Accommodation opposite Melbourne University with a positive cash-flow-Approx. 9.5% Gross return.
Unit 402/800 Swanston Street CARLTON VIC 3053
This studio style apartment is located in College Square directly opposite Melbourne University. This fully furnished apartment has a single bedroom, kitchen, study and bathroom.
-Smart layout, with separate study area equipped with desks & chairs
-Generous living area
-Kitchen with gas cook top
-Securely tenanted until February next year
-Returning $1465 PCM
-24 Security on-site
-Great Facilities including gym, lap-pool, common study, entertainment areas & much more
-Comes partly furnished
-Managed onsite by the UniLodge ensuring great service and low vacancy rates
-Close to shops, cafes, restaurants with Lygon street just around the corner
-10 minute walk to the CBD
-Melbourne University & RMIT both on your doorstep
-31.9SQM in size approx.
It is currently leased by UniLodge for $1465pcm. /$337 per week.
This property is suitable for students and investors.
Outgoings: Admin fee: $806.13 per quarter
Maintenance: $224.87 per half year
FFE Fund: $70.11per quarter
Council Rates: $457.79 per annum
Disclaimer: College House Management PTY LTD T/A UniLodge Realty