6/1 O'Connell Street
North Melbourne


Private Sale $210,000

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Property Features


Property ID: 3418733

Premier Position Returning $18,252pa*


This old warehouse conversion, now a modern day student accommodation complex, is the affordable entry point you are looking for.
With a rental yield of almost 8.7%, you will not find a better "Cash Cow" investment.
The smart design open plan modern residence, attracts local students, studying in the Melbourne Metro area.
Fantastic position, right near the Queen Vic Market and taking full advantage of world class restaurants, cafes, bars, art galleries, parkland, CBD and boutique shopping.
Features a modern fit out, convenient lift access, security entrance and recreation space.
This high yield blue chip investment, is not to be missed.

Securely Leased at $1,521pcm/$18,252pa until 27/01/21

Note: Apartment 5 is now available for sale at $210,000, returning $1,499pcm/$17,988pa until 27/01/21

*Approx

Current Covid-19 Notice
https://www.vic.gov.au/coronavirus-covid-19-restrictions-victoria