If you have a self managed super fund or are looking for the best return for your hard earned money then look no further than this serviced apartment with a massive 7.1% return approx'.

Securely leased and achieving a return of $7176 it is extremely good value for money not to mention the four free nights stay per year provided by the hotel.

Part of the Hotel Enterprize, formerly the John Spencer Hotel. A five-level brick building. The hotel was extensively refurbished in 1988-89 and again in 2002.

The 2002 refurbishment of Hotel Enterprize created an executive hotel and a budget tourist hotel.

The executive hotel comprises 112 suites over five levels. The hotel also has 31 car spaces, two restaurants and a cocktail bar.

You will not find better value in Melbourne!