1115/570 Lygon Street, carlton
Attention Investors & owner occupiers
Perfectly placed within the University of Melbourne zone with a net return of 5.15%, this is a fantastic opportunity for savvy buyers seeking a superbly presented and low-maintenance apartment. Located on the 1st floor, in the south building of the College Square complex and offering great rental returns of $2058 per calendar month which will increase to $2269 from next year. Light filled and modern inside with bathroom & kitchen featuring modern appliances. The spacious living and meals area with a separate study including 2 large desks and plenty of storage. The 2 bedrooms with single beds both have built-in robes. All furniture is included in the sale. This 54sqm (approx) apartment is currently leased till February 2019, but as the site has experienced 100% occupancy during the past 5 years under the current management, investors can expect new tenants with each new school year. The College Square complex includes a host of fantastic, free facilities such as a 25M 3 lane swimming pool, extensive gym, lounge areas with TV and recreation facilities, study rooms and secure entry through 24 hour security and reception. Walk to Uni as well as the best of Carlton's mixed lifestyle, a stone's throw away from the Brunswick nightlife, the CBD, Lygon & Swanston Street restaurants & cafes, with public transport on your doorstep.
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Suburb Profile carlton
Carlton is located on the edge of the CBD and is a small mixed-use suburb in Melbourne's inner north. Carlton is dominated by its proximity to a number of universities including Melbourne University and RMIT and as a results is home to large numbers of student. Carlton is also a centre for health care with a number of hospitals located in and around the suburb. Carlton is also home to the Carlton Gardens which are home to the Melbourne Museum and Royal Exhibition Building.More about this suburb