116/353 Springvale Road

Glen Waverley VIC 3150

Apartment

Currently for sale - view listing

Overview

Invest in a Lifestyle Hotspot - Yield 6.6% Gross

Glen Waverley is a bustling suburb providing you access to plenty of nightlife, dining, shopping and more. With the Monash Aquatic Centre, Jells Park, Monash University Clayton Campus and the Monash Hospital all near Quest Glen Waverley, this is an excellent opportunity for an astute investor. The apartment is an easy walk to the Kingsway entertainment precinct and the new The Glen Shopping Centre. It features a galley style kitchen with stainless steel appliances and electric stove. The living lounge leads into the bedroom with built in wardrobe. Lease Details: Current rent: $26,116 per annum Returns: 6.6% Gross, 6.08 Net Rent Increases: 4% annual increase Market rent review: every 5 years (next review 2028) 4 further terms of 5 years each Note returns are estimates and do not include owner planned refurbishment under the lease and applicable government taxes. Estimated Outgoings: Council rates: 645 per annum Water rates: $600 per annum OC Admin Fund: Tenant pays Admin levies OC Sinking Fund: $870 per annum Applicable government taxes Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.

Features

1 bedroom

1 bathroom

1 carspace

Apartment

Happy sellers in Glen Waverley

79%

79% of sellers in Glen Waverley reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 91 reviews in Glen Waverley over the last 12 months.

Local market activity for 1 bedroom apartments in Glen Waverley

In the last 12 months, 15 one-bedroom apartments similar to 116/353 Springvale Road, have been sold.

This represents a 36% decrease in one-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

Mandy Fountain

at Serviced Apartment Sales

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