This fully equipped studio apartment located on the 10th floor of the 'Shafston Mansions' building, represents great value buying. This studio apartment is the perfect entry into the market for first-home buyers, investors or downsizers who are searching for low maintenance living whilst being surrounded by great lifestyle options. Expect excellent returns from this quiet inner city location. A whooping $310 per week rental return! This fully furnished, air-conditioned studio apartment is conveniently located adjacent to the Shafston International College and enjoys a premium location in the heart of Kangaroo Point close to the Mowbray Park ferry terminal. The Shafston mansion building boasts an array of amenities such as a recreational lounge, on-site laundry, fully equipped indoor and outdoor gym, cafeteria as well as photocopying/printing facilities. Property Features: - Fully furnished - Built in robes - New cooktop - Balcony - Situated on the 10th floor with river & city views - Onsite management - Recreational lounge, fully equipped gym & cafeteria - Low maintenance and economical body corporate fees include electricity & internet - Very low vacancy rates Council rates: $1,721 p.a. Body corporate fees: $3,227 p.a. Currently tenanted until 06/09/22 paying $310 per week. The flawless positioning of the iconic Shafston Mansion building integrates university students or young professionals with the extensive list of amenities both the building and the local area have to offer. This apartment is close to local shops, casual dining and transport options include the BCC bus service and the high speed Citycat ferry service to the city and beyond, making this an ideal opportunity for the owner occupier and astute investor looking for return on investment. Kangaroo Point is an upscale inner-city peninsula paradise, surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, buses with quick access to the Clem Jones tunnel, South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the Gabba'. The area boasts many high-quality restaurants and cafes, all within walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive premier location.