508/118 Franklin Street, Melbourne, Vic 3000

Low annual outgoings and a secure tenant make this a prime opportunity for keen investors or enthusiastic city dwellers. This studio apartment is a brilliant prospect on the doorstep of Melbourne's vibrant CBD.

- Current rent: $15,100 per annum
- Total outgoings: $2073 per annum
- Size: 27 sqm
- 7% (approx.) return

Also featuring reverse cycle heating and cooling, secure intercom entry, and a building concierge, this ideal residence is only a stone's throw to Flagstaff Gardens, Queen Victoria Market, RMIT University, University of Melbourne, and an array of lively city shops, cafes, restaurants, and bars.

Property Code: 2512