FOR SALE
$175,000

403/188 Peel Street
North Melbourne VIC 3051

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Strong return with long secure lease!

Situated within metres of the Queen Victoria Market, Royal Melbourne Hospital and CBD is this wonderful investment returning $16,640.00 per annum which returns net-7.1%, increasing by CPI annually.
Accommodation includes: one bedroom, bathroom, living area, kitchenette and balcony with City Views.
This fully furnished apartment is being sold with long term lease which ensures strong future growth and security through long term tenancy. You will not find a better return- even from the bank so be quick as these apartments sell quickly.
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Property Details for 403/188 Peel St, North Melbourne

403/188 Peel St, North Melbourne is a 1 bedroom, 1 bathroom Studio. The place is currently for sale with Raine & Horne Brunswick .

Building Type
Studio

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About North Melbourne 3051

The size of North Melbourne is approximately 2.4 square kilometres. It has 12 parks covering nearly 4.7% of total area. The population of North Melbourne in 2011 was 11,755 people. By 2016 the population was 14,948 showing a population growth of 27.2% in the area during that time. The predominant age group in North Melbourne is 20-29 years. Households in North Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Melbourne work in a professional occupation. In 2011, 31.4% of the homes in North Melbourne were owner-occupied compared with 28.5% in 2016.

North Melbourne has 12,043 properties.

    There are currently 42 properties listed for sale, and 49 properties listed for rent in North melbourne on OnTheHouse. According to CoreLogic's data, 377 properties were sold in the past 12 months in North melbourne.

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