This studio apartment, leased to long term tenant, Ibis Hotels, offers the opportunity for a hassle free investment that generates very strong rental returns. Whilst other studio apartments in Melbourne are regularly selling for over $200k, here is a super affordable, light and bright studio apartment with private ensuite bathroom, sitting/study nook, and access to a communal terrace and gym. Brilliantly located in the heart of the CBD, very close to Southern Cross Station and Marvel Stadium Current Rental = $831.08 per month ($9,972.96 per year) All annual outgoings (water rates, council rates, owners corporation fees plus general repairs and maintenance) are paid by the tenant, except for the owners corporation sinking fund ($990 per year) which is payable by the owner. This property will suit SMSF buyers looking for hassle free high yield investing, or astute investors looking to take advantage of very low interest rates to setup a positive cash flow property portfolio with the aim of generating a passive income and paying off the mortgage sooner.