406/2-6 Railway Road, Cheltenham, Vic 3192

Find the shopping strip at the door, the station within steps, Southland within a wander, the beach within reach ...and the ultimate lifestyle investment right here. In the heart of the Charman Rd retail and rail precinct, this well-designed two bedroom, two bathroom apartment capitalises on a commuter living, latte-lifestyle, retail therapy location with a clever virtual dual-suite design, perfect for share-housing tenants and owner-occupiers alike.

Oriented for sunset views every evening and a sparkling bay-glimpse on sunny days, this Level 4 apartment is cleverly designed with each bedroom and bathroom (one a private ensuite) zoned either side of central living, and a broad balcony running across full width of both.

Sized and appointed to a superior standard with a wide island bench for the stone and Euro appliance kitchen, floor-to-ceiling tiling for both bathrooms, robes for each bedroom and a discreet European laundry, this reverse-cycle air-conditioned home has video-intercom entry, lift access to garaging with storage and the added security of an on-site concierge.

Best of all, it has value-added investment extras including an excellent tenant in place until September 2018 (and possibly longer) and a mid-2017 completion date to maximise tax depreciation benefits.