This smartly designed studio apartment in the heart of Melbourne's CBD offers the ideal balance of lifestyle, location, and long-term value. Positioned in the secure Mercure complex, and just moments from RMIT University, the University of Melbourne, and the iconic Queen Victoria Market, this apartment delivers exceptional convenience for students, professionals, and investors alike.
The apartment features an open-plan living and sleeping zone, modern kitchen with stone benchtops and quality appliances, sleek bathroom, mirrored built-in robes, reverse-cycle air conditioning, and a flat-screen TV, all ready to go, whether you're moving in or letting it out. The building is moments from public transport, Melbourne Central, Carlton Gardens, Flagstaff Gardens, and the city's best dining and retail precincts.
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Key Information
Water Rates - $700 per annum approx.
Council Rates - $600 per annum approx.
Owners Corporation: $1,450 per quarter approx.
Gross Return on Investment - 12.32%
Net Return on Investment - 8.55%
(Figures based off a sale price of $190,000)
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Currently under strong rental demand, the property offers a potential gross yield of 12.32% and net return of 8.55%. Whether you're investing for high returns, securing accommodation for a student, or after a low-maintenance city base, this property represents great value in a premium position.
An excellent opportunity for those seeking solid rental returns and an ultra-central location. Enquire now to arrange a private inspection or receive further details.
