304/11-17 Cohen Place, Melbourne, VIC 3000

$255,000

  • 1

    BED

  • 1

    BATH

Central Melbourne Value! Over 6.4% net yield!

Over 6.4% net rental yield returns!

Nestled in a peaceful location in the heart of historic Chinatown, Punthill Little Bourke provides the perfect base to experience some of the best culture and entertainment Melbourne has to offer.

The property is adjacent to Her Majesty's Theatre and walking distance to the Princess Theatre, Federation Square and the main retail precinct of Melbourne CBD.

This generous studio apartment has style and will impress upon first sight. Comprising a light and bright open plan kitchen with gas cooking, large living/bedroom area with an abundance of natural light through floor-to-ceiling windows.

The generous bedroom zone with mirrored BIRs features a brand new bed frame and mattress, study desk and red feature wall. Additional features include split A/C system, laundry facilities with washing machine and dryer, shower over bath plus residents will also enjoy use of the pool and gym facilities located on the ground floor.

Lease Details:
- Leased till 31st Oct 2020 with 3 further terms of 5 years each option.
- Current Rent is approx. $324 per week, $1408.02 per month or $16,896.24 per annum.
- Rent increase of 3% annually with market review at the end of each term.
- Next rental increase due 1st November 2019

Outgoings inclusive of Council Rates, Water Rates and Owner's Corporation /Strata Admin Fund levy are all paid by the tenant, whilst the owner only pays the Owner's Corporation Maintenance / Strata Sinking fund levy of $468.92 per annum.

BUY NOW
  • METHOD OF SALE

    Exclusive

  • ADDRESS

    304/11-17 Cohen Place

    Melbourne VIC 3000

  • UPCOMING INSPECTIONS

    By Appointment

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Sales Agents

Tze Chan

An honest, highly driven and enthusiastic agent, Tze Chan is an asset to those looking to sell their property for a premium price. With over seven years of experience in residential and commercial property sales, Tze brings a valuable skill set to his role as Sales and Business Development Manager at Network Pacific Real Estate. As Tze puts it “I get great satisfaction from helping clients achieve their property goals and ensuring every vendor and purchaser receives constant feedback throughout the sales process.” Fluent in Chinese (Mandarin and Cantonese) and Malay, Tze’s formula for success is built upon his exceptional communication and interpersonal skills, local market knowledge and in depth understanding of the sales process. Drawn to Network Pacific for its innovative processes and ongoing education and training, Tze has proven himself as an outstanding sales agent and experienced negotiator. Tze has a Bachelor’s Degree in Business Studies from the University of Technology Sydney and is a REIV member. Collapse

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