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With major remedial work on the way, The Connaught presents a great opportunity for the astute investor! While some owners in the development prefer to hold to maximise the potential our vendors will meet the market.
This freehold apartment features a well-sized bedroom, one bathroom, an open-plan kitchen and living room with floor-to-ceiling glass panels that step out onto a private balcony.
Additionally, the apartment comes with a separate storage locker and a secure car park which is a rare and valuable feature in the heart of the city.
Current Council Rates: $1048.09 (2022 - 2023)
Current Body Corp Levy: $6492.77 (2022 - 2023)
The property is tenanted at $500 per week.
Living here will place you just a stone's throw away from Britomart, upscale restaurants and bars, Albert Park, universities, and so much more.
Do your own full due diligence and assess the potential!