817/133 Jolimont Road, Melbourne VIC 3000

Located within the Mantra on Jolimont serviced apartment hotel, this top floor east-facing apartment presents an attractive opportunity for investors seeking a reliable income stream in Melbourne’s prestigious sporting precinct. The unit offers a well-planned 41 sqm layout, featuring a generous bedroom, a well-equipped bathroom boasting quality finishes, and a bright living and dining area that adjoins a functional kitchen. Enhancing comfort and soundproofing, reverse cycle air-conditioning and double glazing have been installed throughout.

The building's comprehensive amenities elevate the lifestyle aspect for tenants and visitors alike, including access to a heated pool, spa, a fully equipped gym, and an onsite restaurant, facilitating both relaxation and convenience without leaving the premises.

Its location places residents within steps of the Melbourne Cricket Ground and major sporting venues, and a short five-minute walk to the CBD, ensuring both accessibility and viability. As an investment, it is leased to the Mantra until 2029, with additional options for extensions, offering a steady rental return of approximately $19,803 per annum and a gross yield of 8.6%. This arrangement shifts the responsibility for insurance and general maintenance to the owners, while tenants cover other operating expenses. This setup suits investors seeking passive income with minimal involvement.