This fully equipped studio apartment located in the highly sought after 'Shafston University Mansions' building represents great value buying! Whether you're a savvy investor looking for a positively geared investment to add to the portfolio, homeowner or someone who works away from home and just needs it for a few nights, it is a perfect location in the heart of Kangaroo Point. Boasting a slick compact layout filled with sunlight, this apartment features an open floor plan with a fully functional kitchen featuring ample storage space. The bedroom space features built in wardrobes, ceiling fan and air conditioning. The fully functional bathroom is complete with floor to ceiling tiling, shower and toilet. The Shafston Mansions building offers an array of exceptional amenities, including a recreational lounge, on-site laundry facilities, a fully equipped indoor and outdoor gym, a cafeteria, and convenient photocopying and printing services. Furthermore, the building management team is available on-site to attend to all your needs, and secure swipe card access guarantees top-notch security throughout the premises. Expected rental return of $425 per week. Property Features: – Fully functional kitchen with ample storage space – Built in robes – Air conditioning and ceiling fan – Bathroom with shower and toilet – Very low vacancy rates – Perfect first home or investment in a premium location – Excellent rental returns for investors – Renovated throughout Complex Features: – Professional onsite management – Fully equipped gymnasium – Recreational lounge – Cafeteria – On site laundry facilities – Low maintenance and economical body corporate fees include electricity & internet – Lift access in a secure complex Body corporate contributions: $3,974 p.a. - Inclusive of electricity and internet Council rates: $2,000 p.a. (Approx) A fantastic opportunity for those looking to enter the property market, or to attain a positively geared investment with minimal outlay! It is hard to find a better location, with the Cross River Rail already under construction, and just moments away the underway Green Bridge from Kangaroo Point to the city, this is an area on the move. 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.