FloorPlan
Map403/188 Peel Street, North Melbourne, VIC 3051
- 1
- 1
For Sale
$175,000
Strong return with long secure lease!
Situated within metres of the Queen Victoria Market, Royal Melbourne Hospital and CBD is this wonderful investment returning $16,640.00 per annum which returns net-7.1%, increasing by CPI annually.
Accommodation includes: one bedroom, bathroom, living area, kitchenette and balcony with City Views.
This fully furnished apartment is being sold with long term lease which ensures strong future growth and security through long term tenancy. You will not find a better return- even from the bank so be quick as these apartments sell quickly.
Inspection by appointment only
Pieter Speziale
Sales Manager / Auctioneer / Fully-Licensed Estate Agent
Got a property to sell? Contact us for a free Request Appraisal
Property Info:
- Property ID: L26189623
- Property Type:Studio
We Know Your Area
R&H Suburb Profile: North Melbourne| R&H Suburb Summary | Houses |
|---|---|
| Number of sales | 60 |
| Average Price | $1,261,534 |
| Median Price | $1,157,500 |
| Median Rental Price | $700 p.w. |
| Change in Rental Rate (5yr) | 21 % |
| R&H Suburb Summary | Units |
|---|---|
| Number of sales | 214 |
| Average Price | $553,462 |
| Median Price | $517,500 |
| Median Rental Price | $550 p.w. |
| Change in Rental Rate (5yr) | 21 % |
Median Trend - $1,157,500
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