601 K13 Raleigh Street Apartment
This tranquil studio apartment will impress, it is suitable for a student or an investor. The apartment is walking distance to chapel street, Albert Park Lake (Melbourne’s Central Park), and all leading universities are not far. The trams are next door and the beach is also not far.
The apartment body corporate fees are at approx. $2000 per year, and the vacancy rate is very low. The property is managed by UniLodge and attracts students from all over the world. If you are an investor, the net return is about 8%.
The single apartments in the same area are at about $450,000. This is a great entry level property for the area.