Welcome to Seasons Heritage Melbourne on St Kilda Road. A fantastic addition to any savvy investor's portfolio. Securely leased and part of the renowned Seasons hotel group this investment opportunity is the perfect cash cow.
This one bedroom apartment currently returning $18,498.48 per year until March 2018, with options of two (2) further terms of five (5) years each. In addition, there are annual rental increases based on the CPI every 12 months.
The apartment features a spacious open plan living which steps onto the private balcony facing Albert Park Lake. Also includes quality fittings and fixtures, sparkling modern bathroom, cooling and heating.
The location is convenient with transport at the door providing exceptional city access, and stroll to lively St Kilda Beach, Wesley College, Albert Park Lake/Golf Course and the tempting Fitzroy Street cafes and restaurants. Amenities include 24 hour concierge services, a gymnasium and a restaurant/bar on ground level.
Please note: This property is a serviced apartment it can't be owner occupied and so is suitable for investors only