Sold $379,950 - Apartment, Unit/Apartment
SPACIOUS 2 BEDROOM BIRDS NEST AT THE TOP END OF TOWN!
Address: 2210/39 LONSDALE STREET, Melbourne VIC 3000
2 Bedroom 1 Bathroom
– Air conditioning
– Built in wardrobes
– Broadband internet access
– City Views
Situated on the 22nd level, this spacious 2 bedroom apartment in Global Village, situated in the top end theatre precinct gives you the best of both worlds!
If you’re an owner occupier, the current lease runs out in a few days and is available with vacant possession so you can move in straight away if you want. Apartment 2210 also features an absolutely fantastic view of the city looking up towards blue chip Collins Street and this comes to life even more at night!
Perfect for a first home buyer or the city professional looking for a city pad, or if you’re just looking for somewhere to stay on the weekends.
Consisting of two good size bedrooms, separate kitchen and bathroom, fully furnished and a very spacious living/dining area complete with air conditioning/heating.
From an investment perspective, this apartment is leased effortlessly at an impressive $2492 PCM in rental income and offers a very high 7.8% return gross and at least a 6% net return.
This rental income, with the phenomenal Melbourne population explosion, will only continue to go up further and further.
Something astute investors should also certainly note is that looking at both short and long term benefits, the current rental income of $29,904 pa will more than likely increase slightly over the next eighteen months but quite significantly over the next three to five years given the high rental demand for apartments in the CBD, past trends and future forecasts.
Melbourne not only boasts the much envied accolade of the worlds most liveable city seven years in a row but the continuation of what is now by far the highest population growth rate in Australia – some 160,000 people just last financial year alone and this is certainly a secure indication of the direction of the future market from both a capital appreciative and rental perspective.
The ABS have also forecast that Melbourne will expand from 4.8 Million to 5 million people by June this year further reinforcing forecasts of a strong state economy and market stability based upon phenomenal population growth.
Also worth noting is the ideal location in the theatre precinct between Exhibition Street and Spring Streets where property values and demand are a tad higher and more desirable than most other parts of the CBD.
In addition, This particular building, Global Village Apartments, attracts a lot of consistent demand from both students and professionals alike with its ideal location and convenience so you’ll never be without a tenant or an income!
Reasonable outgoings of approximately $6000 pa and a sustainable return with consistent rental income and excellent tenant all contribute to making this property a great investment opportunity and there are certainly no issues with obtaining a tenant with a constant demand for the building and its highly desirable location.
Close to all the theatres, all the fancy restaurants of China Town and surrounding streets, universities, Collins Street blue chip precinct and immediate city amenities.
Contact Sunny on 0422 060 234 / (03) 9663 0988