1104/238-242 Flinders Street

Melbourne VIC 3000

SITUATED ON THE 11TH FLOOR OF THE FORMER SEC HEADQUARTERS IN ONE OF THE CITY'S BUSIEST LOCATIONS, IS THIS COSY STUDIO APARTMENT THAT IS A CONSTANT EARNER FOR THE VERY ASTUTE INVESTOR.MEASURING UP AT 28 SQM, THIS LITTLE GEM FEATURES A FURNISHING PACK WITH APPLIANCES, BUILT IN WARDROBE, A WELL-EQUIPPED KITCHENETTE AND A VERY STABLE AND ACHIEVABLE RENTAL INCOME WITHIN THE PARAMETERS OF $340-$360 PER WEEK RESULTING IN AN APPROXIMATE 10% RETURN.THERE IS ALSO A RANGE OF INVESTMENT REGARDING OCCUPANCY OPTIONS AVAILABLE, INCLUDING A LONG TERM CORPORATE TENANT ALREADY IN THE BUILDING ITSELF.GIVEN THE CONSTANT DEMAND FOR APARTMENTS IN THIS AREA, IT WOULD BE DIFFICULT NOT TO FIND A TENANT NO MATTER WHAT TIME OF YEARS IT IS, THERE IS ALWAYS SOMEONE LOOKING TO RENT A STUDIO AND PRIMARILY THESE TENANTS ARE RELIABLE STUDENTS SO IT REALLY IS A CASH MACHINE THAT NEVER RUNS OUT!!ALTERNATIVELY, THIS IS ALSO IDEAL FOR THE OWNER OCCUPIER AS WELL AND NO RESTRICTION AT ALL ON OCCUPATION. AN OWNER-OCCUPIED STUDENT APARTMENT OR A CITY PAD FOR THE PROFESSIONAL ARE TWO IDEAL EXAMPLES OF MIXED USE GIVEN ITS IDEAL CITY LOCATION.REASONABLE OUTGOINGS APPROXIMATELY $4500PA), GOOD NATURAL LIGHT, NICE BIG WINDOWS AS WELL WITH AN EASTERLY ASPECT OVER SWANSTON STREET LOOKING TOWARDS THE SPECTACULAR ST. PAUL'S CATHEDRAL.SITUATED DIRECTLY OPPOSITE FLINDERS STREET STATION AND SURROUNDED WITH SUPERMARKETS, CAFES, CONVENIENCE STORES AND PUBLIC TRANSPORT GOING ALL DIRECTIONS. FLINDERS LANE, ST. KILDA ROAD AND COLLINS STREET BLUE CHIP CORPORATE PRECINCTS AND SOUTHBANK ARE ALL JUST A FIVE MINUTE STROLL. CLOSE TO BOTANICAL GARDENS, CROWN CASINO AND EVERYTHING THE CITY HAS TO OFFER.INSPECT AS ADVERTISED. CONTACT AGENT FOIR FURTHER DETAILS.PRIVATE APPOINTMENTS AVAILABLE ON REQUEST.