NOW $340,000 - HASSLE FREE INVESTMENT - 2 BEDROOM APARTMENT Apartment 1019250 Elizabeth Street, Melbourne$340,000PLEASE NOTE: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.Situated on the tenth floor and on the North West corner of the building, this is a modern fully furnished two bedroom apartment of 74 square meters in a secure long term management lease with the Ascot Group, and is run as a 4 star rated serviced apartment hotel.GREAT DEPRECIATION BENEFITS STILL APPLY - OVER $4,500 CLAIMABLE THIS TAX YEAR.As part of the lease terms, owners DO NOT pay...Owners Corporation FeesCouncil RatesWater RatesInsuranceGeneral maintenanceRent: $23,310 pa ('09 - '10 Financial Year)Lease: Until 2020Options: 1 x 10 YearReturn: 6.9%This high yield long term investment is surely something to consider for your property investment portfolio.For further enquires, please call the agent...Although every care has been taken in the preparation of the above information, we stress particulars herein arefor information only, and do not constitute representation by the Owner or the Agent.