PRICE DROP - NOW HUGE 6.8% NET RETURN... Apartment 408471 Little Bourke Street,Melbourne 3000$358,000 (Private Sale)N.B THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATIONSituated on the fourth floor and on the preferred Northern side of the building, this is a large one bedroom apartment of approximately 65 square meters with open plan kitchen, dining lounge and bed area with built in robes, in addition to a sparkling bathroom.The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct all making this a very desirable investment choice.This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.Rent: $24,191 pa ($2,015 per month)Effective 1st April '14(With annual increases between Market Reviews)Lease: Until March 2018Options: 2 x 5 year optionsReturn: 6.8% (Net)Outgoings: Mantra pays Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.INSPECTION STRICTLY BY APPOINTMENTFor further inquiries, please call us - the serviced apartment specialistsAlthough 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. Prospective purchasers are advised to carry out their own investigations.