Superb Investment with High Cash Return (approx. 9.3%)

An unique opportunity for smart investors to secure this popular high demand student accommodation in Carlton that has minimal vacancy rates, plus regular high cash return (approx. 9.3% gross). Currently leased until January 2017 at $ 1,369.00 per calendar month or $ 16,428.00 per annum approx.

This modern fully furnished studio apartment with a smart floor plan features light-filled flexible bedroom/living area, double bed, study area, kitchen with gas cooking and microwave, modern bathroom, build in robes, mounted flat screen TV, reverse cycle air conditioning and heating, abundant natural light throughout. Balcony with views overlooking Melbourne University, Lincoln Square and Argyle Square gardens.

The building has a 24-hour secured entrance and intercom, dual lift access to all floors, communal laundry, common lounge area and bicycle storage, and free Asian satellite channels.

Micasa8 is ideally located at the corner of Swanston and Pelham Street, only 2 blocks from Melbourne University; close to Lygon Street’s shopping and restaurant strip, markets and cafes; walking distance to CBD city centre.