Superb Investment with High Cash Return (approx. 9.3%)

An unique opportunity for smart investors to secure this popular high demand student accommodation in Carlton that has minimal vacancy rates, plus regular high cash return (approx. 9.3% gross). Currently leased until January 2017 at $ 1,369.00 per calendar month or $ 16,428.00 per annum approx.

This modern fully furnished studio apartment with a smart floor plan features light-filled flexible bedroom/living area, double bed, study area, kitchen with gas cooking and microwave, modern bathroom, build in robes, mounted flat screen TV, reverse cycle air conditioning and heating, abundant natural light throughout. Balcony with views overlooking Melbourne University, Lincoln Square and Argyle Square gardens.

The building has a 24-hour secured entrance and intercom, dual lift access to all floors, communal laundry, common lounge area and bicycle storage, and free Asian satellite channels.

Micasa8 is ideally located at the corner of Swanston and Pelham Street, only 2 blocks from Melbourne University; close to Lygon Street’s shopping and restaurant strip, markets and cafes; walking distance to CBD city centre.

Amenities

Air conditioning
Balcony
Built-in Wardrobes
Cable TV
Fridge
Furnished
Heating
Intercom
Lift
Study

Floor Plans

Recent Sales

Click here for recent sales in the area

Testimonials

"'Dear Jeffrey Thank you so much for selling our apartment at South Yarra. A sale in just one week was...Read More
- Eric Rooley
- South Yarra,
“I really appreciate with your services, especially with Jeffrey. Jeffery was my sales agent. He worked hard. He always tried...Read More
- Wendy Zhu
- Docklands,
“Jeffery and his fantastic staff at Paramount were able to get a better price than i had imagined in a...Read More
- Greg Blakey
- Berlin,
“Hi Jeff thanks for the update. I would be more than happy to use you if I ever buy another...Read More
- Briody Main
- Southbank,
“I would like to thank you for your help with unit 3101. I really appreciate your approach which was very...Read More
- Anne Michell
- Carlton,
“I just want to record my appreciation to you for your pro activeness. I am very very impressed with how...Read More
- Sweeny Choong
- Malaysia,
“Thank you very much for your assistance with the sale of the Melbourne property. It was a very simple process...Read More
- Robert Thornberry
- Sydney,
“We’d like to express our thanks to you and your team involved in the sale of our Apartment at 408...Read More
- Val & Greg Bristow
- Melbourne,
“Hi Jeffrey, thank you again for all your positive efforts, efficient service and clarity and of course the results achieved.”...Read More
- Rebecca Pearse
- Richmond,
“Jeffrey is a great salesman and he did a fantastic job. He made Guna and very comfortable in dealing with...Read More
- Jocelyn Coralie
- Southbank,

See all

"'Dear Jeffrey Thank you so much for selling our apartment at South Yarra. A sale in just one week was exceptional service. Having used your services in the past with a previous sale, we had no hesitation in asking you to assist us again with this property sale. We are impressed by your honest, focused, and detailed sales approach.''
- Eric Rooley
- South Yarra,
“I really appreciate with your services, especially with Jeffrey. Jeffery was my sales agent. He worked hard. He always tried his best to reach what vendors requested. Every week he worked for inspection as scheduled. I recommend Jeffery if you have property for sale or buying.”
- Wendy Zhu
- Docklands,
“Jeffery and his fantastic staff at Paramount were able to get a better price than i had imagined in a ever changing market. I am extremely grateful for his insight and knowledge of the CBD real estate market and this was clearly shown by the record amount for my property. Jeffery saw the potential instantly in my property and even while i was working abroad made the sale effortless and a really enjoyable experience. The service from paramount was above and beyond what i have experienced with other agents.”
- Greg Blakey
- Berlin,
“Hi Jeff thanks for the update. I would be more than happy to use you if I ever buy another property or sell my current one. I wish you all the best in your new direction, you were great to work with when I brought my apartment.”
- Briody Main
- Southbank,
“I would like to thank you for your help with unit 3101. I really appreciate your approach which was very kind and considerate and also very professional. Until next sales round, take care.”
- Anne Michell
- Carlton,
“I just want to record my appreciation to you for your pro activeness. I am very very impressed with how quickly you’ve been working on this even though it clearly is not an east one. After being disappointed with inaction with so many agents, Jeffrey is a breath of fresh air.”
- Sweeny Choong
- Malaysia,
“Thank you very much for your assistance with the sale of the Melbourne property. It was a very simple process and I am happy with the outcome. I am looking at purchasing another property in Melbourne in the next year, so will call you once I find something. I will certainly send your details to anyone I know of who may require the assistance of an agent in Melbourne. Thank you once again.”
- Robert Thornberry
- Sydney,
“We’d like to express our thanks to you and your team involved in the sale of our Apartment at 408 Lonsdale St, Melbourne. We are very happy with the price achieved, the constant updates of the Open house and the speed and efficiency of the sale. We commend you and are very grateful for wonderful service. We will surely recommend you and your agency to prospective buyers/sellers alike. Keep up the good work !!!”
- Val & Greg Bristow
- Melbourne,
“Hi Jeffrey, thank you again for all your positive efforts, efficient service and clarity and of course the results achieved.”
- Rebecca Pearse
- Richmond,
“Jeffrey is a great salesman and he did a fantastic job. He made Guna and very comfortable in dealing with the agency.”
- Jocelyn Coralie
- Southbank,
“Jeffrey Leong was true to his words and delivered what he had promised by finding me a suitable buyer in such a short time. I would like to express my eternal gratitude to Jeffrey for helping me to sell my unit, thereby taking a huge load off my mind.”
- Stephen Martin
- Singapore,
“Jeffrey assisted me in selling the apartment in the city in just 3 weeks of the campaign. He was always very calm, reassuring and patient. He worked vert hard and achieved a great result. It was an easy and stressless experience for me, and has been such a delight working with Jeffrey”
- Xam Tchen
- Hawthorn,
“Just wanted to let you know how delighted we were to get your phone message telling us not only had you sold our property, but had succeeded in actually attracting the reserved price for it! Your obvious enthusiasm for your profession, and the way you let the clients absorb the layout and atmosphere, and have the relevant informational to answer their queries so clearly and courteously, is very reassuring for both buyer and seller. Should the occasion arise, we won’t have a moment’s hesitation in recommending you to any friend or acquaintance considering buying or selling.”
- Margaret and Ian Krohn
- St Kilda,
"I really appreciate with your services, especially with Jeffrey. Jeffery was my sales agent. He worked hard. He always tried his best to reach what vendors requested. Every week he worked for inspection as scheduled. I recommend Jeffery if you have property for sale or buying."
- Wendy Zhu
- Melbourne,
“We would like to thank Jeffrey Leong for selling our property. It was our pleasure to deal with him. Jeffrey is a wonderful sales executive, very supportive, caring, well mannered and professional. We definitely would recommend him to all our friends.”
- Tania and Gary Tamanian
- Melbourne,

602/131 Pelham Street, Carlton