7.1% -High Cash Return and Attractive Structured Rental Increases Features two spacious bedrooms with built- in-robes, central bathroom, modern kitchen, large windows, reverse cycle air conditioning, stunning aspect to the south overlooking the Yarra River and Eureka Tower.Securely leased to Oaks on Market until 2016 with a further 4x5 year options. 5% rent increase every second year (next increase due September this year). Current annual income of approx $27000 pa (around 7.1% on the asking price), tenant pays Corporation fee, Council and Water Rate.Reliable tenant and a great central Melbourne location. An excellent opportunity to purchase an investment property with regular high cash return.Inspect by appointment