325/118 Franklin Street, Melbourne, VIC, 3000 - Apartment Sold on 26 08 2015

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Melbourne

SoldAug 26, 2015

325/118 Franklin Street, Melbourne, VIC, 3000

$370,000

Apartment

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30+ days on the market

Sold: Aug 26, 2015

What's around 325/118 Franklin Street

Ideal city investment with a staggering return over 6%

Positioned in the appealing north end of the bustling CBD close to the University of Melbourne and RMIT University, this fully-furnished two bedroom apartment on the 3rd floor of the Nova Stargate complex is primed for both investors and owner-occupiers alike! Currently leased for an outstanding $470 per week, translating to a handsome 6% return, this tasteful apartment is undoubtedly highlighted by the enormous north-west facing entertainer's terrace, which is sure to be a hive of activity in the summer months with friends as you enjoy relaxed BBQs or drinks before a night on the town. Other appealing features of this retreat include a light-filled lounge and dining zone with split-system heating and cooling, open kitchen with quality Blanco stainless steel appliances, bedrooms with built-in robes, neat main bathroom, European laundry facilities, storage room, secure intercom entry, serviced reception area, and access to the building's gymnasium and sauna. CBD locations don't get much better than this, with this pad just moments to the Queen Victoria Market, Flagstaff Gardens, Melbourne's GPO, QV Shopping, Bourke Street Mall, Melbourne Central shopping and trains, and city trams. Owners corp is only approx $2000 pa ! Car parks are available to rent or buy in the building for extra cost. Inspections via appointment during the week or attend the open for inspections.