2011A/8 Franklin Street

Secured rental income of 5.46% pa. one bedroom in the Heart of Melbourne, CBD.

Greeted by a lavish white Italianate foyer, soaring ceilings, and amenities that are consistent with 5-star hotels, Milano apartments are a cut above the rest.

Admire the beauty of Melbourne’s stunning cityscape up on the 8th floor. Full-height windows emanate a fantastic sense of space and light filtering throughout each room of the residence, which extends to the master bedroom and broad balcony.

In addition to the gleaming stone bench kitchen with stainless steel appliances, the property is also equipped with two large ensuite bathrooms with quality fixtures, as well as two double bedrooms both with built-in robes.

The serviced apartment offers guests to enjoy an indoor lap pool, spa, sauna, a large gymnasium, tennis court, cinema, alfresco zones, BBQ areas and lounge with kitchen facilities.

Surrounded by a vibrant lifestyle day and night, take your pick from great entertainment, shopping precincts, and well renowned restaurants at your door step.

Rental estimate $1,386 pcm / $16,640 pa
Lease ending 24th of January 2027
Lease option: 2 x 5 year renewal
Estimated return: 5.46% per annum
Increase: Yearly CPI

Milano Service Apartments Covers: repair & maintenance cost
Owner’s Cover: All outgoings including owner’s corporation, council & water rates.

** This property is for the astute investor only – not for owner occupation**

Inspection by appointment only, please contact Eamon on 0413 889 388

Melcorp Real Estate