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303/11-17 Cohen Place

Melbourne VIC 3000

54 m²
Apartment
Currently for sale - view listing

Overview

Outstanding Studio Apartment Investment in Melbourne's Chinatown

Lot 303/11-17 Cohen Place, Melbourne, offers an incredible investment opportunity in the vibrant and culturally rich precinct Chinatown. This studio apartment, managed by the renowned serviced apartment operator Punthill, blends location, reliability, and flexibility into a compelling investment package. Nestled in the heart of Melbourne's CBD, this property is a favourite for business travellers and couples seeking to explore the city's unique attractions. Surrounded by authentic dining experiences, cultural landmarks, and lively entertainment, it's a location that delivers an unforgettable city experience. Investment Features: Prime Location in Melbourne's thriving Chinatown district, with immediate access to iconic restaurants, theatres, and shopping. Experienced Operator: Professionally managed by Punthill, ensuring top-notch maintenance and service for guests. Consistent Income: Current rental income of $17,948.04 per year, with a rental review scheduled for October 2025. Secure Lease: A 15-year lease provides long-term stability and peace of mind. Flexible Terms: The lease includes an option to terminate with 90 days' notice, giving investors control over future property decisions. Estimated Outgoings: Owners Corporation Fees: Approx. $3,517.00/year Council Rates: Approx. $1,733.25/year Water Rates: Approx. $1,416.42/year This fully managed studio apartment is a hassle-free investment in one of Melbourne's most vibrant and culturally significant neighbourhoods. Whether you're looking to expand your portfolio or secure a steady income stream, this property offers the perfect blend of security and opportunity. Contact us today for more details or to arrange an inspection!

Features

54 m² floor area
Apartment

Happy sellers in Melbourne

79%
79% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 134 reviews in Melbourne over the last 12 months.

Local market activity for apartments in Melbourne

In the last 12 months, 16 apartments similar to 303/11-17 Cohen Place, have been sold.

This represents a 12% increase in apartments sales when compared to the previous 12 months.

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