Marketed by Carl Russell
Asking Price $109,000
Marketed by Carl Russell
Welcome to Latitude 37 in the heart of the Viaduct Precinct, located on a peaceful tree lined cul-de-sac on the edge of the stunning Marina.
On offer is a sizeable studio apartment on the exterior of the building, these units are compact and completely practical with kitchen and full sized bathroom (with a bath!) and topped off with a good sized, secure car park in the basement. Open plan living arrangement with nice big double doors that open up wide to let in the fresh air.
Leasehold in perpetuity makes this a sensible decision for someone looking to spend minimal capital whilst buying a property in the most desirable location in the CBD! You're a short walk to all of the top notch bars and restaurants, but far away enough that you don't cop the noise that some of the closer complexes do.
These functional little units have a multitude of uses ~ perhaps you are looking for a reliable income source, in which case the current fixed term tenancy will be appealing. Looking for something with Airbnb potential? With a little elbow grease and a few cosmetic touch ups, you could turn this into a highly profitable short term rental machine! Or would this suit for your own personal use? Maybe you just need a car park in the City (which I remind you cost around $100k alone these days!!) and you could continue renting the apartment out!?
The unit is currently rented on a fixed term tenancy at $500 per week until 16 October 2025 so you can decide at that point what you would like to do. The rent does not include the car park , the owner uses this himself so if you could consider renting out the car park as well for an extra $70 - $80 per week.
Well there you have it, if you have further interest please send an enquiry and I will send you all of the numbers and let's arrange a private viewing.
I look forward to meeting you soon!
Property ID RMU43645
* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.