108/44 Brunswick Street, Fitzroy VIC 3065

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Safe Reliable Investment Income. - 5% Net Return

*Due to Melbourne's Stage 4 Restrictions, all Nelson Alexander team members are working from home. Please contact us via email or phone to speak about your options to view this property virtually. Thank you.*

Outgoings: 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.
Fully-furnished interior; well equipped kitchen;2 bedrooms, 1 bathroom, Large living room/dining; laundry facilities, lift access, car space on title in secured basement parking, gym/pool facilities.
Continuous Rent $21,847pa. CPI increases and Rent Reviews to come. Price $445,000. With an approx. 5% net return
Lease: 5 year lease commenced on 1/10/19 with further 5 year options
Inspections are strictly by appointment and only between hotel guest check out/check in times. Call Russell

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Price Guide

Private Sale $445,000

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