403/591 Elizabeth Street, Melbourne, Vic 3000

The ultimate cash flow positive property, return a whopping 9% return.
Ideally located strolling distance to Melbourne University, RMIT Queen Victoria Market and the City Centre.

After your initial deposit, watch your investment grow as
this one bedroom apartment pays its self off without any further financial out lay from yourself.
It's perfect for a self managed Super fund or an astute investor looking to increase their portfolio without having to make a huge financial commitment.
Size 16 SQM
North facing balcony
Rent $270 per week
Gross income $14076.00 per year
Gross out goings $4012.92
Net Income $10,063.08

City West Water $634.22 per year.
Rates $352.61 per year.
Strata fees $1942.24 per year
Agent management fees 1083.85.
Age of building 10 years Approx
Lease ends 14th January 2015

-Absolute minimum vacancy rate
-Lift access
-Security entry
-Balcony with a view
-kitchen with gas cooking and microwave
-Modern bathroom
-Common study area
-Built in robe
-Heating and cooling
-The apartment is fully furnished and includes a TV, Double bed,
Desk, Chair, Cutlery and lots more.

If you're looking for an investment property, which wont cramp your life style and deliver a huge percentage rental return annually, then look no further.