509/118 Franklin Street, Melbourne

ABOUT THE PROPERTY

Bedrooms
1
Bathrooms
1
Car spaces
1
Land size
-
Building size
25 m2
Council area
Melbourne
Year built
2001
Lot plan
509/PS425500 Melbourne VIC
House type
Unit: Standard



HISTORY

Last sold 01/07/2015
$220,000



LISTING DESCRIPTION
as of June 2015

INVESTOR ALERT! High yield investment property with car space on title. Investors, this one is for you! We all know investing is all about returns and your bottom dollar; this studio apartment will generate a handsome return for its new owner. With an estimated rental income of $1672.92 per month this apartment represents a return of approximately 7.5%. This is an excellent opportunity if you are looking to add to your portfolio and take advantage of an effortless investment with a long term secured lease.- Rent: $17,467 per annum (rent excluding carpark rental)- Total outgoings: $2264 per annum.- Size: 25 sqm- 7.5% (approx.) return- High yield investment opportunity- Prime inner-city locationAlso featuring reverse cycle heating and cooling, secure intercom entry, and a building concierge, this ideal residence is only a stone's throw to Flagstaff Gardens, Queen Victoria Market, RMIT University, University of Melbourne, and an array of lively city shops, cafes, restaurants, and bars. Do not miss this opportunity as this property ticks all the boxes.Property Code: 2476