Investment Opportunity: Studio Apartment in the Heart of Melbourne

Lot 103/11-17 Cohen Place, Melbourne, offers a fantastic investment opportunity to be part of a high-demand property as a freehold owner or to join forces with the well-known and experienced serviced apartment operator, Punthill.

This unique opportunity provides greater ownership flexibility and long-term value.

This studio apartment is tailored for the modern traveller-whether it's a business professional, a couple seeking to immerse themselves in Melbourne's vibrant city life, or a local university student looking for convenient accommodation close to campus. Located in the heart of Melbourne's Chinatown and entertainment precinct, residents and visitors will enjoy unparalleled access to world-class shows, performances, and the electric city atmosphere.

Key Features:

Premium Location: Situated in the bustling heart of Melbourne's Chinatown with attractions, shopping, and dining just steps away.

Opportunity for Experienced Operator: Have the opportunity to partner with Punthill, a trusted name in serviced apartments, ensuring smooth management and excellent guest experiences.

Long-Term Lease Possibility: Look to secure a long-term lease, offering peace of mind and consistent returns.

Flexibility: With the lease now terminated, the property is ready for new opportunities-whether you choose to lease it out independently or occupy it yourself.

Outgoings:

Owners Corporation Fees: Approx. $3,200/year

Council Rates: Approx. $1,733.25/year

Water Rates: Approx. $669.12/year

This is a rare opportunity to invest in a high-demand property with a proven track record and minimal hassle. Whether you're looking for a long-term investment or flexibility in ownership, this studio apartment offers it all.

Contact us today to learn more or to arrange a viewing!