Entry level investment with a 7% net return Located in the heart of Melbourne in the Ibis Hotel this great entry level investment property has a generous return of 6.68% net per year. With low outgoings and a stable returns this set and forget investment is sure to receive a great return for years to come. With an excellent position close to Southern Cross station this is the ideal Hotel location assuring investors that they will be getting the best return on their money possible.Currently return $10,032 per year with very low outgoings of $720 per year under current tenancy agreement this studio apartment has everything you could need for the overnight or longer stay. Clean and tidy this property includes a Breakfast bar, spacious bathroom, blackout blinds and built in robes.Located close to everything Melbourne has to offer and only a stones throw to Crown casino, Melbourne Central, Etihad stadium and public transport. Extra features include a gymnasium and rooftop deck. The property is used primarily for commercial purpose, that is for the provision of accommodation as a serviced apartment.