66/20 Bank Place, Melbourne VIC 3000

$369,000 (UNDER CONTRACT)

2 beds

2 baths

Character Filled 2BR in Historic Bank Place

This 2 bedroom, 2 bathroom apartment with the flexibility of a dual key design allowing the apartment to be split into 1x studio and 1x1br apartment, sits proudly on the 6th floor (the highest floor of the original historic building which is now over 100 years old) and takes up the entire frontage of the building with an outlook over famous Bank Place.

Unique features such as very high ceilings, period windows and triple brick external walls make this an attractive opportunity for anyone seeking an affordable investment with not only scarcity value but also with the hassle free income stream that a long secure lease provides.

Leased to Metro Hotel Group as a 'serviced apartment' for the next 5 years, with the ability to occupy the property in 5 years time or to continue leasing the property as a high yield investment if desired.

Current Rental $25,290.48 pa

Annual Outgoings:

Owner pays - Council rates only (approx $800)

Tenant pays- Owners Corporation Fees & Water Rates


Surrounded by some of Melbourne's finest heritage buildings, restaurants, cafes, shops, transport and of course the popular friday after work drinks pub 'the mitre tavern'.

inspection by private appointment

Property Details

• Type: Apartment
• Bedrooms: 2
• Bathrooms: 2

Features