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1318/18 Mt Alexander Road

Travancore VIC 3032

2
1
1
Apartment
Currently for sale - view listing

Overview

Investment Opportunity for Savvy Investors

Note: This property is intended solely for investment purposes and is not suitable for owner-occupancy. Situated just 3 kilometers from Melbourne CBD, the Oaks on Flemington Suites presents an outstanding opportunity for discerning investors. This apartment hotel boasts an impressive return of approximately 7%, complemented by picturesque views of Verland Park, soaring ceilings, and high-end furnishings and appliances. The property features a stylish bathroom equipped with a shower over bath, alongside ducted reverse cycle air-conditioning for optimal comfort. Residents and guests can enjoy a range of amenities, including a heated sauna, a fully equipped gym, and conference rooms, as well as BBQ gardens located on the eighth level. Currently leased to the Oaks Group until August 2027, with an option for an additional two years, this property ensures reliable returns for the astute investor. Rental Income: $25,176.24 per annum Net Return: Approximately 7% Contact Nicole D - 0497 644 071 to arrange a private inspection.

Features

2 bedrooms
1 bathroom
1 carspace
Apartment

Happy sellers in Travancore

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We have insufficient information to provide an overview of customer satisfaction for Travancore. Viewing the agent profiles, reviews and sales for Travancore can provide insights for this location.

Local market activity for 2 bedroom apartments in Travancore

In the last 12 months, 62 two-bedroom apartments similar to 1318/18 Mt Alexander Road, have been sold.

This represents a 13% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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