Apartment for Sale
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A Great Investment Opportunity 7.9% Yield!Property ID 1706607Prime location between the Melbourne CBD and St Kilda Beach, this smart dual key property represents value for the savvy investor with their sights set on secure returns. Currently leased by the Park Regis hotel chain and returning $29,200 (approx.) per annum, the two serviced apartments (1BR plus adjacent studio apartment) are located in the striking Griffin Suites complex, renowned for its style, security and the complete convenience of its St Kilda Road setting.
In all that Melbourne has to offer, here you are in strolling distance of the Albert Park Lake precinct and only minutes' drive to cosmopolitan St Kilda with its boutique shopping, bars, restaurants and beaches, while the myriad delights of Chapel Street, Southbank and the Crown Entertainment precinct sit just a stone's throw away.
The one-bedroom apartment features spacious living and dining plus a modern kitchen with dishwasher, while the adjacent studio has an efficient kitchenette well suited to easy meals plus a neat bathroom with roomy shower. The one-bedroom apartment also features a stylish neutral interior, very good-sized main bedroom with built-in robes, a handy built-in bookcase or display shelving and a bright combined bathroom/laundry with shower over the full-size bathtub.
All with the added convenience of a tram stop directly opposite the hotel, 24hr reception and an on-site cafe/bar.
Perfect to explore the city's arts precinct including the National Gallery of Victoria, Melbourne Theatre Company, Sidney Myer Music Bowl and The Royal Botanic Gardens, extras include reverse-cycle air-conditioning to both apartments and a car space.
Due diligence checklist - for home and residential property buyers