7.46% approx -High Cash Return and Attractive Structured Rental increases Features two spacious bedrooms with built- in-robes, open plan living, central bathroom, modern kitchen, large windows, and reverse cycle air conditioning.Securely leased to Oaks on Market until 2016 with a further 4x5 year options. 5% rent increase every second year . Current annual income of approx $25740 pa (around 7.46 % 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