Great returns of over 10% An amazing investment property with exceptional returns and minimal vacancy rate. This apartment can also be owner occupied by non students.Just footsteps away from everything that Melbourne has to offer. Live in yourself or rent it out, with an occupancy rate averaging an outstanding 90%+ this investment will provide a consistent stream of income.This studio apartment measuring up at approximately 25 m2, is located on the 3rd floor which is fully furnished and includes all the essentials of a modern apartment such as a modern kitchen, formal bathroom, heating/ cooling system.Calculating a massive rental return of $1,647 per month over 10% gross return.Nestled right in the heart of the Theatre precinct of Melbourne, its a great area to make the most of Melbourne's nightlife and shopping.Apartment features include:Fully furnished, light and spacious apartmentsSelf contained kitchens including microwave, refrigerator, cook topReverse cycle air-conditioning/heatingIntercom/security accessBroadband internet accessRemote control colour televisionsModern furnishings, fixtures and fittings throughoutOnsite Facilities include:Student Games roomIGA Supermarket24 Hour securityOn-site managementSecurity door accessCouncil rates approx: $350Body corp approx: $2400As your property manager we are committed to protecting your asset and maximizing your investment returns. Due to our experience and expertise we offer a strong operational platform that generates consistency, quality, professional management and efficiencies across all properties in our care. We are specialists in marketing and stakeholder management and have an enormous global network of accommodation agents and bookers of student accommodation at our fingertips. We communicate to our investors and owners regularly about the property market and what activities we are undertaking to ensure your occupancies as well as rental returns are maximized.UniLodge was not only the first dedicated commercial provider of student accommodation in Australia, but today is also one of the largest operators. Our growth is a testament to our ability to deliver a high valued product which meets the needs of our customers. Working with our education partners and offshore agents we ensure that UniLodge is synonymous with quality and secure student accommodation. Our highly skilled sales and marketing team conduct detailed market analysis and prepare business plans to ensure that our commitment to our customers, internal and external, is delivered.Additional feature/s - Intercom System.