Back 1 Queens Rd
Off Market

1 Queens Rd

Melbourne VIC 3000

40.8 m²
Apartment
SUNNY LUSUNNY LU, last sold this property on 29 March 2022 after 211 days on market.

Overview

RENTAL RETURN OF APPROXIMATELY 8.4% - GREAT INVESTMENT OPPORTUNITY !

GREAT INVESTMENT OPPORTUNITY - RENTAL RETURN OF APPROXIMATELY 8.4% ! Internal Area - 28.4 square meters Balcony Size - 12.4 square meters Total Area - 40.8 square meters Current leased to Adaps IT Pty Ltd. Rent : $919.52 per month (including GST) + Outgoing Fee The rent will increase by 3% on each anniversary of the commencement date. Term of the lease : Five (5) years commencing on January 1, 2018 to December 31, 2022 Further terms : Two (2) further options of 60 months Perfect choice for your business: - Convenient business address for your guests. - Wide range of space to give your business the decent image it deserves - Quality services and facilities - ATM facilities Good environment: - FREE gymnasium access - and richful food court - Secure undercover car parking (available at an additional cost) - Dry cleaner, newsagent, dentist, massage, hair and beauty - Squires Loft Restaurant and Bar - Storage facilities Multiple options of transportation at the doorstep - Easy access to the CBD - Iconic Chapel Street - Many boutiques, dining, and cinemas. SAFE AND AFFORDABLE STRATEGIC INVESTMENT, Ideal for first-time investors or self-managed pension funds. CONTACT AGENT ON 0422 060 234 / (03) 9663 0988 FOR FURTHER DETAILS.

Features

40.8 m² floor area
Apartment

Estimated Value

Based on this property and similar apartments sold in Melbourne over the last 12 months, the estimated median property value of 1 Queens Rd is $210k.

Median value
$210k
Estimated value range
$199k - $315k
Median days on market
77
Estimated value trend
-4%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Queens Rd

2022
Sold
Undisclosed
Private Sale/Treaty on 29 Mar 2022 by SUNNY LU, of Professionals SunKing Group
2017
Sold
20 Feb 2017 by Robert Mitchelson, of Icon Property Pty Ltd

Happy sellers in Melbourne

82%
82% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 126 reviews in Melbourne over the last 12 months.

Local market activity for apartments in Melbourne

In the last 12 months, 10 apartments similar to 1 Queens Rd, have been sold.

This represents a 57% increase in apartments sales when compared to the previous 12 months.

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