339 SWANSTON STREET, Melbourne, Vic 3000

Superbly positioned on the third level of Unilodge in Swanston Street, this bright and surprisingly spacious 33 sqm Art Deco one bedroom/studio overlooks one of Melbourne’s most prestigious buildings, the State Library of Victoria.

Currently leased until June 2012 and available with vacant possession, this apartment is ideal for the first home buyer, investor, student or if you need a ‘city pad’ for a few days during the week, this fully furnished gem, complete with a 4 plate gas cooker, 125 litre hot water system, fridge and microwave could be just what you’re after.

Featuring old style Art Deco windows looking out through the tree’s outside in Swanston Street’s foreground, this apartment is surrounded by Melbourne Central, RMIT, The State Library, QV Shopping Centre, China Town and with trams going all directions enabling easy access to most areas including Melbourne University which is just a couple of minutes up Swanston Street on the tram.

Currently offering investors around an 8% return with a rental income of $18,200, this apartment represents a great opportunity to add to your investment portfolio. Capital appreciation can be expected to be around 30%-40% over the next 4-5 years with the way current demand and city population is headed and also taking into account past patterns of market increases here in the CBD.

Fort the first home buyer, it’s certainly an excellent entry point especially when you consider the $7K FHBG and the 20% reduction in stamp duty. At $225K, no stamp duty is payable at all when you add these two benefits into the equation.

Built back in the 1940’s and formally TAA headquarters and Government Printing Office, 339 Swanston Street was transformed into residential in the late 90’s and has since then become one of the highest capital gain building’s in the entire CBD! With Melbourne predicted to overtake Sydney once again in the next four years, it would be reasonable to assume that an apartment such as this will increase quite dramatically taking into account its electrifying location too!

Outgoings are estimated at approximately $4500 pa which includes owners corporation fees, maintenance levies, building insurance, gas, council and water rates.

INSPECT AS ADEVERTISED. CONTACT AGENT FOR FURTHER INFORMATION.