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Southbank (Dorcas Street), VIC

Southbank (Dorcas Street), VIC

2 Bedrooms 2 Bathrooms Year Built: 2004

A brilliant Southbank property investment location, only a short walk to Albert Park Lake, The Shrine of Remembrance, Royal Botanic Gardens, South Melbourne Market, Shops, Cafes, Melbourne Arts Centre, Tram stop, Flinders Street Station and Federation Square.
A spacious two bedroom apartment, with two bathrooms, including ensuite & main bathroom, formal dining & lounge area, smart modern kitchen, stainless steel appliances, laundry facilities and balcony.
With secure underground car park on title and onsite gym, all just a short stroll from Botanical gardens, Southbank & South Melbourne it
ticks all the boxes.
Owner has just paid for new paint work to internals!

Lot Asking Price Status Gross Return Net Return Weekly Rent Annual Rent
Lot 203 $425,500 Sold 6.50% 5.928% $532 $27,671.64

Approximate Owner Outgoings:
Council Rates: $1157 per annum approx.
Water Rates: $670 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $624 per annum approx.

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