Nice clean functional studio in a very central location but I was missing 2 key factors highlighted in the description:

1. privacy
2. quiet

The complete building is being renovated and it is not a pleasure to be awaken by construction works nor to breath dust (keeping the window closed was not an option with 35°C and more) nor to have somebody passing in front of your window with very light curtains...
Anyway, according to the plan hung in the building, the construction works should run Jun 2012 - Oct 2012 so outside this period I would guess you could get more quiet and more privacy.
Furthermore, in terms of privacy I was a bit annoyed by the fact that you do have a private room and a private bathroom, but inside the same flat there is another studio and you can hear absolutely everything.
Ah, and another small minus: the windowless toilet has no ventilation whatsoever.

All in all, an acceptable accommodation but I would opt for something else if I had to come back.