104/72 Upper Heidelberg Rd

Ivanhoe VIC 3079

66 m²

Apartment

Currently for sale - view listing

Overview

Two Bed Twin Key Apartment Plus One Car Park. Outstanding 8.1% Return...

Situated on the first level, this is an impressive 66 square meter twin key two bedroom serviced apartment with two bathrooms-one with laundry facilities, open plan kitchen and kitchenette plus lounge area leading to a 23 square meter North facing terrace. Newly refurbished this apartment is beautifully presented and maintained offering high ceilings, floor to ceiling glazing, quality fixtures and fittings including European stainless steel appliances and large bedrooms (BIRs). The advantage of one secure under cover car park is also on title. N.B. This is a serviced apartments with a long-term lease attached and is purely for investment it is not an apartment to occupy yourself in the near future. This lease may run until November 2053. This apartment is securely leased to Quest until November 2028 with further options thereafter. With an impressive $733 per week return, this well presented apartment is a high yield investment with annual rent reviews and minimal outgoings this may be perfect for your Self Managed Superannuation Fund. Quest pays annual Owners Corporation Admin Fees, General Maintenance, and Water Usage. The apartment owner only pays Council Rates, Water Rates and a Maintenance Fund contribution. An excellent investment opportunity set in a superb location in the Ivanhoe village and just 15 minutes from the CBD. IMPORTANT INFORMATION: RENT: $38,155pa (From Nov 2026) (Approx $733 per week) RENT INCREASE: Annual 4% in between Market Reviews RETURN: 8.1% Gross (7.6 % Nett) LEASE: Until Nov 2028 OPTIONS: Five Further 5- Year Options OWNER PAYS: Owners Corp Maintenance Fund: $647 pa Council Rates: $1,152 pa Water Rates : $815 pa TENANT (QUEST) PAYS: Owners Corporation Administration Fund Insurance, General Maintenance Inspection is by private appointment. For further details please contact: Nick Walters of Kingsford Property - 0438 557 885 Nick@kingsfordproperty.com.au Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.