212/44 Brunswick Street, Fitzroy VIC 3065

Investors only please note, long lease. Continuous rent all year, no agents fees, no council rates, no water rates, no insurance, no general maintenance costs - all paid by Melbourne Metropole Central Apartments. One of Melbourne's most secure property investment opportunities - this fully serviced apartment in the Melbourne Metropole Central Apartments complex is perfectly suited for investors and S.M.S.F. Reliable income stream that is free of vacancies with the ongoing lease to Central Apartments Group, including annual CPI rent increases and rent reviews. Located at the doorstep of the CBD and tram at the front door. Walk around the corner to Fitzroy's famous cafe strips, Lygon street, MCG and hospitals such as St Vincent's, The Royal Vic Ear and Eye, Epworth Freemason, just to name a few. Comprises: kitchen, 2 bedroom, 2 bathrooms, large living room/dining; lift access to secure basement carpark - on title; gym/pool facilities. Continuous rent $22,952 PA. With an approx.5.3% net return. CPI rent increases and rent reviews.
Lease: Renewed option of a further 5-year lease (commenced on 10/2023) plus further 3 x 5-year options. Inspections are strictly by appointment between hotel guest check out/check in times.