570 LYGON STREET, Carlton, Vic 3053

OPEN FOR INSPECTION THIS TUESDAY 30TH MARCH 5:30-6:00PM & SATURDAY 3RD APRIL 3:30-4:00PM.

And the return is just the apetitser! Look at the view!! Absolutely perfect for the first home buyer or the busy city professional to move straight into is this spacious and modern 33 sqm one bedroom studio apartment in the highly sought after ‘College Square’ Apartments in famous Lygon Street. Carlton.

Situated on the 3rd level, with a great easterly view of the Yarra Ranges and Mount Dandenong, this surprisingly innovative and well designed apartment is fully furnished and features built in robes, a good size living area, kitchenette, bathroom as well as a separate study area plenty of natural light.

Just a 2 minute walk to Melbourne Uni, 10 minutes to RMIT (Carlton or City campus) and Royal Melbourne Royal Women’s Hospitals, a couple of minutes to the CBD by car or 5 mins by tram (tram right on your front door step) and just a stroll to the myriad of cafes, bars and restaurants on Lygon Street.

Rock solid lease until February 2011 (renewed each November so you're never without a tenant!) @ $1260 per month ($15,120 pa). with a good reliable tenant and excellent property management.


Other features include a nice, bright and sun drenched easterly view looking right up into the Victorian high country over the Yarra Ranges, past Healesville and beyond.

Its perfect for investors – negative gearing, superannuation fund and the continuation of excellent capital growth expected over the next few years in an area that is now in such phenomonal demand. This apartment offers investors you a solid 8% gross return and approx. 6% net return after the annual costs been around $3900 pa (or $10 a day!)

For students, it hits the nail right on the head! Just a couple of minutes walk to Melbourne Uni, RMIT 10 minutes stroll down Lygon Street, a few minutes walk to RMH/RWH and the city is just a couple of minutes on the tram along Swanston Street.

Those who wish to owner occupy will have to wait until the lease expires in February 2011, but it may be possible to work something earlier - First home buyers are eligible for the $9000 grant as well !!

Absolutely fantastic resort style facilities too including a very large 25 metre pool, well equipped gym, sauna, basketball court, restaurant and excellent high tech security complete with 24 hour staff at reception offering a very comfortable and secure living environment. Good multicultural community of young residents, mainly international students hard at work studying at Uni.

Undercover security car parking also available on site for approx. $70 per month or buy one that is currenty available for $30,000.

For further details, contact CRAIG MCINTOSH 0431 948 256 (24HRS) - EMAIL: (craig@professionalscity.com.au) or SUNNY LU 0422 060 234 (EMAIL: sunny@professionalscity.com.au) JERRY LIN 0434 775 740 jerry@professionalscity.com.au

PROFESSIONALS CITY RESIDENTIAL RUSSELL STREET OFFICE
LEVEL 11/180 RUSSELL STREET, MELBOURNE 9663 9700