505/591 Elizabeth Street

Melbourne VIC 3000

0 m²

Apartment

Currently for sale - view listing

Overview

Affordable City Style with High-Return Potential- Gross yield of nearly 12% if purchase at $165k

Moments from the best Melbourne has to offer, this fully furnished 1 bedroom student-accommodation apartment captures the very essence of a vibrant city lifestyle. Venture downstairs and take an easy stroll to Queen Victoria Market, the hospitals precinct, world-class universities, Lygon Street restaurants, shopping choice, world-class universities, the free tram zone, and Parkville Railway Station. Discover air-conditioned comfort throughout an open layout with sunlit space for living and dining, underpinned by a streamlined kitchen graced with a tiled splashback, fridge, microwave, and a gas cooktop. Elevated to perfection on the fifth floor, step outside to a sheltered east-facing balcony with relaxing views sweeping over Elizabeth Street treetops. A private bedroom is serviced by a sparkling bathroom featuring a large mirror, storage capability, and a walk-in shower. Hit the ground running with a stylish selection of furniture on display including a comfortable bed with room for storage underneath, a desk and chair, wall-mounted Hisense television, and coffee and bedside tables. Take advantage of split-system heating and cooling, roller blinds, recessed down-lighting, a shared laundry, bicycle storage, lift access, intercom security, and an outdoor entertaining area for all residents. Set in a sought-after, student-only accommodation block, pocket the savings today! Outgoings: Council Rates: $129.54 per quarter approx. Water Rates: $184.26 per quarter approx. Owners Corporation Fees: $680.69 per quarter approx. Rental Income: $1608 per month (fixed term lease till May 2027) * Photo identification will be required upon entering the property. Please contact our agent for your personal tour of this home today.