1 Manchester Cres

Bundoora VIC 3083

House

Currently for sale - view listing

Overview

Long-Term “A” Class Tenant- Lease until 2035

** PRIVATE INSPECTION BY APPOINTMENT ONLY** Seize this rare chance to own a high-yielding town residence in a premier location. Ground floor spaces, including an open-plan living and meals anchored by a stone-finished, stainless-steel-equipped kitchen, are complemented by a first floor offering a main bedroom with a deluxe ensuite and two further bedrooms sharing an equally enticing family bathroom. A short walk from Uni Hill, shops, restaurants and cafes, medical and professional services, gymnasiums, RMIT, parklands, and Plenty Road trams for the easy trip to the CBD. To be sold with a long-term lease to a respected hotel group (expires in September 2035), it offers hassle-free income and minimal landlord responsibilities, creating the ideal set-and-forget investment. Features • Long-term lease expiring in September 2035 • 2 x 10-year further lease options • Market review scheduled for 2029 • Predictable outgoings • Tenant absorbs maintenance costs • No concerns with finding tenants • Low risk, low effort investment • Well-suited for SMSF investment • 4% increase yearly • $2,937.00 rent per calendar month ($35,244.00 per year) ** PRIVATE INSPECTION BY APPOINTMENT ONLY**