1216/39 Lonsdale Street, Melbourne

ABOUT THE PROPERTY

Bedrooms
2
Bathrooms
1
Car spaces
1
Land size
-
Building size
-
Council area
Melbourne
Year built
n/a
Lot plan
1216/PS514600 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 08/12/2018
$300,000



LISTING DESCRIPTION
as of July 2019

COSY TWO BEDROOM AT THE TOP END OF TOWN! Situated in the heart of the theatre precinct, this cosy two bedroom apartment is private, comfortable and secure.Currently vacant with an rental estimate of $1950 PCM and offering investors a very impressive return of 7.8%, this apartment will increase in both terms of capital appreciation in the long term and yield in the short term and quite handsomely, especially with Victoria now boasting the best economy in the country! And things are only going to get even better yet!Positioned comfortably up on the 12th level away from the street, this apartment features two internal bedrooms for extra quiet sleep (no external noise at all) and for a smallish type of unit, quite a decent size open plan living area with kitchen, entry and bathroom. Now when we say "smallish", it is small! There's no doubt about that! Small it is, but hey, so was King Henry the Eighth!Measuring up at approximately 36 sqm, you'll be pleasantly surprised at just how spacious and roomy this little gem is and this is more than made up for in terms of rental return, location and price range not to mention the potential for gain in terms of capital and yield. Close to universities, Collins Street blue chip precinct, all the restaurants and cafes and bars of Chinatown in Little Bourke Street, old British pubs, exciting Italian Restaurants, the Greek precinct, QV Shopping Centre, public transport and all city amenities, this apartment is very well positioned for the dweller who likes to have walking access to everything without the need for a car you dont even need a tram!Located in the popular residential apartments "Global Village", this building is comfortable and secure, featuring a security entrance and intercom, a brand new foyer and reception area, a handy IGA store just next door for groceries etc, bars and cafes and restaurants absolutely everywhere. If youre a theatre lover, this is just perfect, you can go and watch a different show every weekend at Her Majesty's, The Comedy or Princess Theatres just around the corner or if youre into sport, Melbourne is the sporting capital of the country and this would be the perfect little pad for you to stay while supporting your favourite team! An easy walk to the sporting venues like the MCG, AAMI Stadium, Rod Laver and Margaret Court Arenas and easy access to Etihad at Docklands on the tram from Bourke Street. Ideal as a city base too and would always be easy to have ready for immediate accommodation.This is a great opportunity to buy an apartment in a secure environment and the good thing is, all the outgoing charges are kept to a minimum without resort like pools and gyms and spas and saunas etc. Laundry facilities are located within the building and various entertainment facilities in the common room are also available for residents and thats about it really so the building is unlikely to warrant heavy owners corporation fees which some buildings often cost owners an expense that is a lot of the time unnecessary and obviously detrimental to your return as well your hip pocket if you're an investor. Outgoing fees are very reasonable at approximately $5000 per annum including owners corporation, council and water rates. INSPECT AS ADVERTISED THIS SATURDAY. CONTACT AGENT FOR FURTHER DETAILS.Contact Sunny Lu on 0422 060 234 / 0434 183 780.