HIGH YIELD INVESTMENT - VIRTUALLY NO OUTGOINGS Apartment 403100 Exhibition St. Melbourne$299,000 (Private Sale)N.B. This apartment is for the astute investor only - not for owner occupationSituated on the fourth floor and on the Eastern side of the building, this is a modern one bedroom apartment of approximately 50 square meters overlooking the gardens of the historic Melbourne Club.A welcoming entrance hall leads past a fully equipped bathroom to a large open plan lounge and dining area with kitchen. From here, look back on to the large bedroom with built in robes. Laundry facilities, air-conditioning and a security entrance complete the picture.This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 ½ star rated serviced apartment hotel.As part of the lease terms, owners DO NOT pay...Owners Corporation FeesCouncil RatesWater RatesInsuranceGeneral maintenanceRent: $21,585 pa ($1,798.75 per month)(With 4% annual increases between Market Reviews)Lease: Until March 2018Options: 4 x 5 year optionsReturn: 7.2%This high yield long term investment is surely something to consider for your property investment portfolio.For further enquiries, please call the agentAlthough every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.