203/182 Collins Street, Melbourne, Vic 3000

How can you go past this? The rental income is higher than the mortgage repayments!

Spacious one bedroom apartment in the ulitimate part of collins st opposite the regent theatre and surrounded by Melbourne's finest heritage buildings.

This recently refurbished apartment features high vaulted ceilings, period windows, open plan kitchen and living area with ample natural light and privacy, extra large bedroom with BIR's, sparkling central bathroom with shower/bath.

The property is leased to Quest Apartments for 15 years. The current rent is $1510.14 per calendar month, increasing by CPI each january from 2010. This rental amount is fixed and doesn't fluctuate according to occupancy levels. Quest pay the annual body corporate fees, council and water rates.

An exceptional investment for an astute investor with a long term strategy for positive cash flow. No vacancy factor to worry about, no advertising to find new tenants, no letting fees, no hassles with bad tenants and no management commission to pay!

The lease allows the owner 30 days occupanc per year

Once the lease has expired in 2023 (or earlier if the tenant doesn't renew one of the options), you can permantently owner occupy the property, in the meantime, sit back and enjoy the investment returns!

Contact Bryce Carroll 0413377982 for further information or to arrange an inspection