Arts On The Park Extra Large & with NRAS Scheme Conveniently situated in the heart of Melbourne, this modern and stylishly designed 'Arts on the Park' apartment is only a short walk away from Flagstaff & Southern Cross Stations, the famous Queen Victoria Market, Melbourne Central shopping centre & more, this is the perfect apartment for a savvy Investor or for a first home buyer wishing to secure a city-lifestyle home in the CBD.Excellent investment with 5 years of NRAS income to go. A current return of over $500 per week for the next 5 years. Current rent of $305 per week + the investor receives an NRAS income of over $11,100per annum, Tax Free as part of the NRAS Scheme.This larger-than-usual single bedroom apartment presents an alluring opportunity for a perfectly positioned sky-high City-Pad. Offering streamlined contemporary living in an ultra-modern design, the interior features an open-plan living & dining are, expanding to a covered balcony with Easterly aspect and morning sun. Spacious Bedroom featuring large built in robes with ample storage, a generous sized & immaculately presented 2 way bathroom with floor to ceiling tiles & high end fittings.Stylish kitchen with stone bench tops, featuring glass splashbacks, quality stainless steel appliances and pantry.Other features include reverse-cycle air conditioner & heating, video-monitored security entry, lift access, reception & building concierge, 7-Star energy efficient, pre-wired for Foxtel Pay TV, NBN broadband, and NBN telephone service.The building facilities include a very large and fully functional /equipped Gymnasium as well as well as a common laundry.With trams right at your door, within close proximity of Royal Children's Hospital & Royal Melbourne Hospital, universities, Queen Victoria Market, Uni High, CBD, Lygon St and Melbournes finest restaurants shops & cafes, Well-established, spacious and in the heart of everything" are just a few words that can be used to describe this beautiful & perfectly positioned apartment