Investment Opportunity! A rare opportunity exists to purchase a cash flow positive investment property in this tightly held building. Leased at $10,920 per annum, returning more than 8.7% gross. A new lease just started in mid October 2018.The student only apartment positioned right behind Burwood shopping strip, with tram route 75 along Toorak Road to Burwood train station & to CBD, and bus to Chadstone & Box Hill. Easy access to Presbyterian Ladies College and Deakin University.Fully furnished, this well maintained first floor student accommodation apartment features secure intercom entry, internet provision, external storage cupboard, 2 common garden areas and communal laundry.A boutique building of just 32 units, the high occupancy rate is testament to students appreciation of this excellent location.Contact Agent today for an inspection (Photo ID required).