419/118 Franklin Street, Melbourne, Vic 3000

Be quick to acquire this North facing light-filled,2 bedroom fully-furnished apartment with a balcony on a secure long term lease to Nova Stargate. Currently earning $16, 578.36 per annum or $318.81 per week, over 7% return per annum. Rental potential of $410 to $450 a week 9% -10% returns on a per annum basis. New carpet and freshly painted. Offering a guaranteed income to investors with annual CPI increases & nil risk with vacancy. Leased till 8th October 2011 then after a market rent review two more 5 year leases. In a quiet section of the city but only a minute's walk to Queen Vic Market, conveniently located close to transport, universities & the CBD. All furniture and fittings, heating/cooling included in the unit with rooftop gym, spa and sauna within the building.

Inspections welcome at advertised opens or for a private appointment call now!
Note: not suitable for owner occupiers.