The building is brand new - actually it was still under construction when we stayed there, more floors were being added, but it's not noticeable from the inside.
Great amenities in the place, there is pretty much everything you need, good washer and dryer, a hairdryer is included as well in the bathroom. Not a huge place but more than enough for a couple of people.
The location is very convenient: a couple of supermarkets at walking distance, several options for food and an easy walk to Flinders Station or the CBD with the free tram area.
Highly recommended.