Leased until May 2037 (current term to May 2027 with two further 5-year options), this is the ultimate set-and-forget investment offering a secure income stream for the next 11 years, complemented by strong long-term capital growth potential. Returning $25,812 per annum with annual CPI increases and market reviews at the commencement of each new 5-year term, the property provides both stability and future upside. The spacious apartment comprises a master bedroom with built-in robes and ensuite, a second bedroom or study, and an open-plan kitchen, living and dining area. While owner-occupation is not available until lease expiry, the property presents exciting future value-add potential through refurbishment or reconfiguration. Positioned in the heart of Melbourne's CBD, just moments from Degraves Lane, Flinders Lane, Town Hall and Flinders Street Station, this is a rare opportunity to secure a well-located, generously sized apartment at an attractive price point-ideal for the astute long-term investor.
