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Overview
10% Grossing Return on Investment
This large one-bedroom apartment is situated in the heart of Melbourne's vibrant student precinct, offering an excellent investment opportunity with a gross return exceeding 10% per annum for the current owners. Ideal for investors seeking a reliable, set-and-forget asset, this property combines convenience and steady income in a sought-after location.
The apartment features a well-designed kitchenette, a spacious bedroom, and a separate lounge area that can be used for meals or as a study space. Its layout provides comfortable living within a compact footprint, perfectly suited for students or professionals.
Located just steps from University Square, residents enjoy immediate access to the bustling strip of Lygon Street, renowned for its cafes, restaurants, and cultural amenities. The property also benefits from proximity to other popular North side attractions, making it a desirable address for tenants.
Investment highlights include a current fixed lease generating a monthly rental income of $1,924, equating to an annual return of $23,088. The lease is secured until June 30th, 2024, providing assured income for the foreseeable future.
This apartment represents a compelling opportunity to enter Melbourne's student rental market with a property that combines location, income, and lifestyle appeal. Whether you are a seasoned investor or looking to start your property portfolio, this asset offers strong potential for capital growth and consistent rental returns.
For further details or to discuss this investment opportunity, please reach out directly to the listing agent.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Carlton VIC 3053
Market Insights for Carlton VIC 3053
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