Offering an outstanding income-focused opportunity, this Punt Hill serviced apartment combines an established commercial lease with an impressive rental return in a highly accessible Hughesdale location.
With approximately $29,000 in property income recorded for the 2025/26 financial year, the property represents an approximate 15.8% - 17.2% gross yield across the $170,000 - $185,000 price guide, making it an attractive proposition for investors seeking strong income at an accessible entry point.
The apartment is currently leased to Punthill Oakleigh Pty Ltd, with the current five-year renewal having commenced in April 2024. The lease provides for annual CPI rent adjustments, together with two further five-year terms, providing an established long-term leasing structure for the incoming owner.
Investment Highlights:
* Investment-only serviced apartment
* Approximately $29,000 property income recorded in FY2025/26
* Approximate 15.8% - 17.2% gross yield across the advertised price range
* Established lease to Punthill Oakleigh Pty Ltd
* Current five-year renewal commenced April 2024
* Annual CPI rent adjustments
* Two further five-year terms provided for under the lease
* Allocated car parking
* Secure entry
* Access to complex gym facilities
* Highly accessible Dandenong Road position
The apartment itself offers a bright open-plan living and dining area, kitchen with stainless-steel appliances and split-system heating and cooling. An adjoining balcony provides additional outdoor space.
The generous bedroom includes a built-in robe and balcony access, while the bathroom features an oversized walk-in shower.
Positioned for excellent connectivity, the property provides convenient access to Chadstone Shopping Centre, Holmesglen Institute, Monash University, public transport, major arterial roads and freeway connections to the Melbourne CBD.
For investors prioritising income, lease security and an affordable entry point, this is an opportunity that warrants serious consideration.
IMPORTANT INFORMATION
This property forms part of the Punt Hill serviced apartment complex and is being sold subject to the existing lease. It is an investment property and is not being offered for owner occupation.
The photographs and floorplan used in this advertisement depict a comparable apartment within the complex and are not photographs or the floorplan of Unit 112. Prospective purchasers should undertake their own inspection and due diligence in relation to the property.
Rental income and gross yield figures are based on information supplied for the 2025/26 financial year. Gross yield calculations are based on the advertised price range and are before applicable ownership costs, expenses and taxation. Prospective purchasers should review the lease, Contract of Sale and Section 32 documentation and obtain their own independent legal and financial advice.
Disclaimer: Every care has been taken to verify the accuracy of the details contained in this marketing material. While we believe the information to be reliable, we do not accept responsibility for errors, omissions or inaccuracies. All descriptions, dimensions, plans, photographs and references to condition, fixtures or fittings are provided in good faith and are not to be relied upon as statements or representations of fact. Prospective purchasers must carry out their own investigations and should seek independent legal and financial advice
