Great Location, Great Rent Return **INVESTORS ONLY**Everything is at your doorstep - only moments from Southbank Promenade and its iconic restaurants, the Arts Centre, Melbourne Exhibition Centre, Crown Casino and Melbournes CBD.Stylish, cosmopolitian Southbank is the city's tourism and recreation heart. River boats link the vibrancy of Federation Square, Southgate and Crown. Outstanding dining and shopping opportunities blend with museums, leading galleries, an aquarium, concert halls and theatres to create one of the most diverse visitor precincts in the country.A brilliant location, and a secure long term investment !!Lease Details:Current Rent: $388 per week ($20,184 per annum)Next Rent Increase: 1st March 2018Current Return: 6.1% Gross / Net 5.45%Further Gross Yields as Follows:6.36% in 20186.62% in 20196.88% in 2020Lease Terms: Lease to 28/02/2021 plus 2 x 5 Year optionsRent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)Approximate Owner Outgoings:Council Rates: $981 per annum approxWater Rates: Paid by tenantBody Corporate Administration fee: Paid by tenantBody Corporate Sinking fund: $1208 per annum approx