510 42 Porter Street Prahran VIC 3181
$145,000

DESCRIPTION

Currently, this apartment offers a stable and attractive rental return on a monthly tenancy leased at $13,032 P.A.
The rent will be increased upon signing a new lease, reflecting the strong demand for student housing in the area.

Situated in a prime location, this student accommodation apartment presents a compelling investment opportunity. It is poised to yield consistently growing rental returns as students flock back to the country. With strong immigration growth and a surge of international students, rents are anticipated to continue to rise steadily in the foreseeable future.

Located on the fifth floor, this apartment provides a serene environment with urban views over the leafy suburbs. It is designed with student needs in mind and features a fully equipped kitchen with a gas cooktop, ample storage, and modern stainless steel appliances, including a microwave and dishwasher. The living area opens onto a private balcony, adding to the apartment's appeal. The single bedroom has a built-in robe and shelf for convenient storage, and the bathroom is well-appointed with contemporary fixtures and generous shelving. The building includes communal breakout areas and laundry facilities, enhancing the student living experience.

This apartment is perfectly positioned just a 2-minute walk from Prahran train station and offers direct access to CBD campuses. It's also just a short distance from the bustling Greville and Chapel Street areas, making it an ideal choice for students worldwide.

Approximate Outgoings:

Strata Fees: $1,963.60
Council Rates: $480.00
Water Rates: $640.00

Seize This Exceptional Opportunity in the Student Accommodation Market.