Property Description

Positioned in the highly regarded Lygon Place complex, designed by Peddle Thorp Architects, this contemporary two-bedroom apartment presents an outstanding opportunity for investors seeking an established income-producing property in one of Melbourne's most sought-after inner-north locations.

Importantly, the property is securely leased at $650 per week ($2,824 per calendar month) until 21 August 2027, providing immediate rental income and certainty from settlement.

With an annual rental income of approximately $33,800, together with relatively modest Owners Corporation fees of approximately $3,000 per annum, the property offers an attractive rental return with reasonable ongoing holding costs.

Set along vibrant Lygon Street, the apartment combines modern design, secure living and excellent connectivity—attributes that continue to support strong rental demand throughout Brunswick East.

Internally, the property has been finished to a high standard, with stone benchtops and quality ILVE appliances complementing the well-appointed kitchen. The open-plan kitchen, meals and living area flows directly onto a generous private terrace, providing valuable outdoor living space and further enhancing its rental appeal.

Accommodation comprises two well-proportioned bedrooms with built-in robes, a stylish central bathroom and practical European laundry.

Located moments from Methven Park and surrounded by Lygon Street's cafés, restaurants, shopping and everyday conveniences, the property also benefits from tram services virtually at the doorstep, providing easy access to the CBD and surrounding inner-city precincts.

For investors, the combination of secure rental income, a long-term lease, two bedrooms, basement parking, substantial outdoor space and relatively low Owners Corporation fees makes this a compelling addition to an investment portfolio.

Investment Highlights:

• Currently leased at $650 per week
• $2,824 per calendar month
• Lease secured until 21 August 2027
• Approx. $33,800 annual rental income
• Owners Corporation fees approximately $3,000 per annum
• Strong established rental return
• Two bedrooms with built-in robes
• Generous private terrace
• Open-plan living and dining
• Stone kitchen benchtops and quality ILVE appliances
• Split-system heating and cooling
• Dishwasher and European laundry
• Secure undercover basement car space
• Secure building entry
• Tram services at the doorstep
• Walking distance to cafés, restaurants, shops and parkland
• Excellent access to Melbourne CBD and the wider inner north

A ready-made investment offering immediate income, secure tenancy and an outstanding Brunswick East location.

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Onder Ozmetin

03 9386 2101 0416 069 319 onder@outlookproperty.com.au