Stylish South Yarra Investment Opportunity

This very spacious studio apartment is securely leased to Punt Hill South Yarra and provides a great investment opportunity.

Stylishly appointment throughout, the apartment features an extra-large balcony, built-in wardrobe/storage and modern kitchen with stainless steel oven, dishwasher, cooktop and separate preparation bench. There is a sleek bathroom with laundry facilities, reverse cycle heating/cooling and room for a work desk/study area. Guests enjoy the convenience of an on-site gymnasium and conference facilities.

Ideally located in a quiet street off Toorak Road and close to a multitude of boutique shops, restaurants and cafes. Toorak Road trams and South Yarra Station are just a short walk away. The apartment is the ideal base to access Melbourne CBD, the MCG, AAMI Park, Melbourne Tennis Centre, Chapel Street and Church Street, Richmond.

Currently securely leased for a 15-year term, providing excellent returns and increases. The property is currently achieving a rental return of $17,460.48 per annum, with CPI rental increases per annum.

This attractive property could be the jewel in your investment portfolio. Contact Silvana Di Camillo to arrange a private inspection or for further information on (03) 9816 4722.