604/11-17 Cohen Place

Melbourne VIC 3000

31 m²

850 m²

Apartment

Currently for sale - view listing

Overview

SECURE CASH-COW INVESTMENT – 10.9% PLUS YIELD

(INSPECTION AVAILABLE AS ADVERTISED OR VIA APPOINTMENT) Affordable investment with secure rental income and increases every year, this apartment represents long term yield stability. An excellent opportunity to add to your portfolio in a prime CBD location. Securely leased to the well-regarded Punthill Hotels, this well-maintained apartment is currently on the first year of a 5-year lease with options of five further terms (of 5 years each) and 3% annual increase. CURRENT: $18,486.75 – 10.9% return From 1/11/2027: $19,041.35 – 11.2% return From 1/11/2028: $19,612.60 – 11.5% return From 1/11/2029: $20.201.00 - 11.9% return The apartment is well-maintained and features spacious open plan living, quality fixtures and fittings, modern bathroom, balcony. heating and cooling. It is ideally located in the Paris-End of the CBD, the Chinatown Tourist Precinct and the Theatre District. This residence offers unparalleled access to world-class dining, shopping, the vibrant laneway culture and many other iconic attractions. Located within the Free Tram Zone with other public transport a few steps away providing exceptional access to all areas of the city and beyond. If you are a savvy investor looking for consistent return well above the cash rate, this strategically located apartment will prove a valuable asset. Please contact agent for further information or to arrange an inspection. Disclaimer: The information provided here, including any additional information supplied, is general in nature. Please refer to the Vendor Statement (Section 32). Prospective investors should seek independent legal, financial and other professional advice to determine whether this investment suits their needs. Prospective purchasers should also conduct their own due diligence to verify the information’s accuracy.