CBD Cash-cow, near 9% yieldUnencumbered by long term hotel leases, and the flexibility to increase rental yield makes this an ideal investment. Currently performing above market expectation with gross yield of near 9%.
Located in a growth pocket of Flinders Street, only a short stroll to Southern Cross Station, Coles, DFO, Melbourne Aquarium, Melbourne Exhibition Centre and of-course, the Crown Entertainment precinct. A seasoned performer throughout the years, paying homage to the adage, location, location, location!
Tightly held by the owner since inception, this first-time opportunity presents itself to any astute investors. Also affordable for first-time buyers looking to owner occupy now and rent out later.
Please contact agent to secure an inspection.