26/101 George Street, East Melbourne, Vic 3002

Serviced studio apartment situated in a highly desirable part of East Melbourne. Close proximity to the MCG, CBD, transport, cafes and restaurants. Initial term lease of 5 years expiring 3rd May 2010 with another 4 x 5 years options. Returning $11,608 pa gross (7.5%) Net return $10,597 (6.8%). additional capital growth of 3-4% pa.

Apartment features: Remote reverse cycle air-conditioning; security intercom; kitchenette with sink, hot-plates, microwave, bar fridge and a plentiful supply of cutlery and crockery; en-suite bathroom; designer furniture creating a sophisticated, restful ambience.