1007/135 City Road, Southbank, Vic 3006

- Currently tenanted, investors receive returns of approx. 5.7%
- NBN internet available
- Concierge and 24 hour security
- Indoor heated pool, sauna and gym

Be immediately impressed as you step into the luxurious entrance at the Wrap residential complex. Positioned in a prime Southbank position and oozing modern charisma, this 1 bedroom apartment will appeal to first home buyers, investors, and CBD professionals looking for a sleek place to call home on the cusp of the city.

On the 10th floor and styled with deluxe fixtures, quality carpet, and thoughtfully designed layout, this apartment is filled with great natural light, as well as a spacious main lounge and meals zone which is adjoined by the kitchen featuring stainless steel appliances and excellent cupboard space.

The large East facing balcony and floor-to ceiling windows allow the morning sun to flow through and provide natural light throughout, while the well-sized bedroom is equipped with a built-in robe. This standout residence also enjoys a sleek bathroom, split system heating and cooling, video intercom entry and direct access to the gym, pool and sauna.

Within walking distance to Crown Casino, Southbank Promenade, CBD attractions, and city-bound trams.

Outgoing Costs:
Body Corporate - $1658.72 approx. per year
Council Rates - $639.6 approx. per year
Water Rates - $596 approx. per year

Investors:
Current Rent - $1521 per calendar month/$18,252 per annum
Estimated return 5.7% (calculated at purchase price of $320,000.00)

**DISCLAIMER**
Please note, all calculations/estimates/information shown are derived from information provided to Ray White Southbank by the vendor. All prospective buyers are encouraged and advised to make their own enquiries and calculations. Please contact us for more details regarding this property.