Discover an exceptional investment opportunity with Lot 302/11-17 Cohen Place, Melbourne. This modern studio apartment, operated by the reputable serviced apartment provider Punthill, offers a stress-free and secure addition to your portfolio.
Perfectly positioned in Melbourne's vibrant city center, this property is designed to appeal to both business travelers and couples seeking a city escape. From renowned theaters to lively cultural attractions, the location provides easy access to the best of Melbourne's dynamic lifestyle.
Property Highlights:
Unbeatable Location: Situated in Melbourne's thriving CBD, steps from iconic entertainment, dining, and retail hubs.
Professional Management: Operated by Punthill, ensuring exceptional service and seamless operations.
Reliable Income Stream: Rental income of $17,948.04 per year, with a scheduled review in October 2025 to ensure competitive returns.
Secure Lease: Benefit from a solid 15-year lease agreement, providing consistent and reliable rental income.
Flexibility for Investors: Enjoy the option to terminate the lease with 90 days' notice, giving you control over your investment's future.
Annual Outgoings:
Owners Corporation Fees: Approx. $3,500/year
Council Rates: Approx. $1,733.25/year
Water Rates: Approx. $1,307/year
This low-maintenance investment is a perfect match for those looking for a steady income stream and peace of mind in Melbourne's sought-after property market. With the flexibility to make future changes, this is an opportunity you won't want to miss.
Contact us today for further details or to arrange an inspection!
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