3/101 George Street, East Melbourne, Vic 3002

This sensational studio apartment ticks all the investment boxes. simply purchase and let it pay itself off!

- Secure Lease as a 'serviced apartment' until May 2015
- 3 further 5 year options
- Current rental $11,632 per year (due to increase by CPI in May to approx $11,950)
- Annual CPI rental increases every May plus a market review every 5 years
- Body Corporate fees and general maintenance paid by tenant!
- Body Corp Sinking Fund ($300pa) and council rates ($400pa) payable by owner

Positioned meters from shops, train station, tram, CBD, parks and MCG
- East Melbourne's Finest Tree Lined Street
- Surrounded by Multi Million Dollar Victorian Homes

The apartment itself is on the ground floor and features a large bedroom area with Built in Robes, ensuite bathroom with shower over bath and kitchenette with stove cooking facilities. Approx size 25m2. Split System heating/cooling.

Carpark on title! (most units in building do not have carparking)

A great investment for a self managed super fund or astute investor looking for a positive cash flow property in blue chip location.

contact Bryce Carroll to inspect by private appointment 0413377982