9/58 Lantana Road, Elsternwick, Vic 3185

Representing a return of 5.4% this property is a must inspect for all investors. This impressive one bedroom apartment is situated in a quiet neighbourhood surrounded by tree lined streetscapes and established homes. Renovated 12 months ago this apartment is in excellent condition and offers a very low maintenance investment property. The apartment complex has a central garden and landscaping providing a private and leafy retreat for the residents. The property also features off-street covered parking at the rear of the block as well as communal laundry facilities. The property is currently tenanted for a $275.00 per week and has low body corp fees of $1,000/pa. Combined this property offers a very attractive yield ideal for a super fund purchase or private investor. The current lease expires on the 18th of December 2014.