Lot 303/11-17 Cohen Place, Melbourne, offers an incredible investment opportunity in the vibrant and culturally rich precinct Chinatown. This studio apartment, managed by the renowned serviced apartment operator Punthill, blends location, reliability, and flexibility into a compelling investment package.
Nestled in the heart of Melbourne's CBD, this property is a favourite for business travellers and couples seeking to explore the city's unique attractions. Surrounded by authentic dining experiences, cultural landmarks, and lively entertainment, it's a location that delivers an unforgettable city experience.
Investment Features:
Prime Location in Melbourne's thriving Chinatown district, with immediate access to iconic restaurants, theatres, and shopping.
Experienced Operator: Professionally managed by Punthill, ensuring top-notch maintenance and service for guests.
Consistent Income: Current rental income of $17,948.04 per year, with a rental review scheduled for October 2025.
Secure Lease: A 15-year lease provides long-term stability and peace of mind.
Flexible Terms: The lease includes an option to terminate with 90 days' notice, giving investors control over future property decisions.
Estimated Outgoings:
Owners Corporation Fees: Approx. $3,517.00/year
Council Rates: Approx. $1,733.25/year
Water Rates: Approx. $1,416.42/year
This fully managed studio apartment is a hassle-free investment in one of Melbourne's most vibrant and culturally significant neighbourhoods. Whether you're looking to expand your portfolio or secure a steady income stream, this property offers the perfect blend of security and opportunity.
Contact us today for more details or to arrange an inspection!
▶
