116 & 117/604 St Kilda Road MELBOURNE, VIC 3000

**INVESTMENT ONLY**

Important: This property is for short-term accomodation only and cannot be owner occupied. The current lease is expected to be renewed each and every 2-3 years on a consistent basis. This property is for investment only, and returns $26,328 per annum.

IMPORTANT INFORMATION:

Lease Term:
Lease agreement until 21st July 2023.

Minimum Rent for 2022:
$26,328 pa OR $505 /week

Inspection by private appointment only.

Sensationally situated between the Melbourne CBD and St Kilda Beach on one of the world's most iconic boulevards, this smart dual key property represents sensational value for the savvy investor with their sights set on secure returns.

Currently leased by the Park Regis hotel chain and returning $26,328 (approx.) per annum, the two serviced apartments (1BR plus adjacent studio apartment) are located in the striking Griffin Suites complex, renowned for its style, security and the complete convenience of its St Kilda Road setting.

In easy reach of all that Melbourne has to offer, here you are in strolling distance of the Albert Park Lake precinct and only minutes' drive to cosmopolitan St Kilda with its boutique shopping, bars, restaurants and beaches, while the myriad delights of Chapel Street, Southbank and the Crown Entertainment precinct sit just a stone's throw away.

With the added convenience of a tram stop directly opposite the hotel, 24hr reception and an onsite café/bar this is also the ideal base to explore the city's arts precinct including the National Gallery of Victoria, Melbourne Theatre Company, Sidney Myer Music Bowl and Royal Botanic Gardens, while extras here include reverse-cycle air-conditioning to both apartments and a car space.

*Government directions require all open home attendees to be fully vaccinated. If you are fully vaccinated you are welcome to attend one of the advertised open for inspection times, where proof of vaccination is required prior to entry. If you are not fully vaccinated and would like to view this home please contact our team to organise a private inspection. We thank you for assisting us as we implement directions from the Victorian government. Effective from 6pm Friday, 29th October 2021.