Apt 511 11-17 Cohen Place, Melbourne NOW ONLY $299,000 (Private Sale) N.B. THIS IS FOR ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION. Situated on level five and facing East , this is a 45 square meter one bedroom apartment with fully equipped bathroom with spa and laundry facilities, kitchen, and open plan lounge and dining room leading to a three sqm east facing balcony. The property also offers reverse cycle air conditioning, a communal gym and pool, function rooms, concierge service and good security. This property is in a fabulous Melbourne location in the Chinatown precinct on Little Bourke Street, with a myriad of retail shops, cafés, restaurants and bars all at your doorstep. A hassle free investment with no vacancies, no leasing or rent collection fees, no body corporate fees, council or water rates or general maintenance costs. Leased until November 2015 with further options thereafter. Current rent: $22,303 pa (Approx) With annual 4% increases between market reviews) Return: 7.5% Options: 3 x 5 year options Annual Outgoings: Owner Pays: Sinking Fund $708 pa (Approx) Punt Hill Pays: Owners Corporate Fees, Council Rates and Water Rates, Insurance, General Maintenance and Water Usage For further enquires, please call the agent... Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.