Proudly positioned on the 5th floor of the stylish "Monarch Building", is this magnificently designed abode. Located in arguably one of Melbourne's finest locations opposite Albert park lake. 7.2% yield investment. Currently tenanted with 2 years fixed lease, End Date: 22nd January 2025. Annual rental $18,770 with a second increase. Luxury furnished 1 bedroom 1 bathroom located at one of the prime location in Melbourne. Surrounded by gardens and parks and the iconic Albert Park lake. Location says it all! It is just opposite to Albert Park, 5 minute walking distance to tram stop, walking distance to Albert Park Sports Complex and golf driving range. Close to good restaurants and also Wesley College. This apartment includes: * Big sofa, dining table and chairs * Branded LED TV * Comfortable double bed * Washing Machine * Fridge * Branded oven and dishwasher * Full Equipped gym room * Spacious balcony (Able to watch live during Formula 1 event at balcony) Please note that photo ID is required at all times of inspection. For more information & arrange a private inspection, please contact Antonio Di Petta at Di Petta Group on 0410 665 703