302/11-17 Cohen Place MELBOURNE

**Only for Investment** If location matters to your investment property then this apartment situated in the heart of Melbourne's historic Chinatown is THE PERFECT investment for you! The studio apartment comprises of a modern kitchen, well appointed bathroom, balcony and reverse cycle a/c. Facility features including an indoor lap pool, gym, concierge service and restaurant. This investment is currently leased to Punthill for a rental yield of approx $12,709 per annum with a + 4% annual fixed increment. The lease term is 5x5x5 years beginning the 1st November 2010 giving you a long term secured lease. With tenant paying for outgoings and maintenance of fixtures and fittings, this is an opportunity not to be missed! Call Joe Cimino on 0418 336 269 or Anthony Cimino 0400 500 903 now to arrange your private inspection.