QUALITY INVESTMENT WITH SOLID RETURNS FOR LONG TIME – SET AND FORGET.

+ Great side water view + car park!!
This is a boutique serviced apartment with a beautifully restored mansion as the main entrance. Securely leased to renowned operators Seasons Heritage Melbourne, it is currently returning a strong $11,960 per annum on a lease of 5 years plus 2 further terms of 5 years each (until 2032)
The tenants will maintain owner's fixtures plus there is rental increase per CPI on the 3rd, 4th of 5th year , Showcasing views over the lake and bay that are as soothing as they spectacular, this apartment is perfectly positioned to enjoy Melbourne's greatest assets, with Fitzroy Street, gorgeous parkland and trams bound for the city and beach all easily accessible. Of the term.

This iconic inner-Melbourne position is central to the city itself, Chapel St and Fitzroy St for an amazing array of cafes, restaurants and nightlife, as well as Albert Park Lake and Fawkner Park for first-class urban parkland as well.
BONUS- you can stay Up to 21 nights per year at the hotel, subject to T&Cs.