2-BEDROOM, 2-BATHROOM APARTMENT | LONG TERM LEASE - HOTEL PAY COUNCIL RATES, WATER RATES & OC ADMIN LEVIES
A unique opportunity to secure a well-positioned 2-bedroom, 2-bathroom apartment with carpark in Melbourne's Southeast, approximately 30 kilometres from Melbourne CBD.
Dandenong is a major commercial hub with strong connectivity, established employment precincts and extensive industrial and business parks in Dandenong South.
INVESTMENT ADVANTAGES
Major commercial and employment hub approximately 30km from Melbourne CBD.
Close to Dandenong Hospital, Dandenong Market, shopping, dining and employment precincts.
Direct access to Eastlink, Monash Freeway and Dandenong Bypass.
Dandenong South provides major industrial and business infrastructure.
Dandenong Train Station is within easy reach.
Quest Dandenong offers BBQ Area, Conference Facilities and a recently upgraded Outdoor Swimming Pool area.
LEASE DETAILS
Price: $285,000
Current Rent: $18,403 p.a. / $353 per week
Gross Return: 6.45%
Net Return: 6.20%
Lease: To 2031 with 4 x 5-year options remaining
SCHEDULED RENT INCREASES
January 2027: +4% = $19,139 p.a. - 6.71% Gross
January 2028: +4% = $19,904 p.a. - 6.98% Gross
January 2029: +4% = $20,700 p.a. - 7.26% Gross
January 2030: +4% = $21,528 p.a. - 7.55% Gross
APPROXIMATE OWNER OUTGOINGS
Owners Corporation Sinking Fund: Approx. $722 p.a.
Council Rates: PAID BY HOTEL
Water Rates: PAID BY HOTEL
Owners Corporation Administration Fees: PAID BY HOTEL
Two Bedroom, two-bathroom apartment will impress with its entry level buying point and minimal outgoings, providing a solid net yield to investors.
The spacious master bedroom features a full ensuite, while the apartment includes stone benchtops and stainless-steel appliances, including a dishwasher, within a fully equipped kitchen.
With car park on title and only a short walk to Dandenong CBD, including markets, restaurants, transport, shopping and major industries, the property offers a convenient location for investors and occupants alike.
Quest pay all Council Rates, Water Rates, Water Usage, Electricity Usage, Building Insurance, Common Area Public Liability and Owners Corporation Administration Levies.
INVESTMENT DETAILS
Configuration: 2 Bedroom / 2 Bathroom
Level: Level 1
Carpark: 1
For more information, please contact Mandy Fountain 0408 10 30 10.
Mandy Fountain specializes in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
DISCLAIMER:
The information contained in this brochure has been provided by the vendor and other sources and is believed to be reliable; however, it has not been independently verified. It is provided for general information purposes only and does not constitute financial, investment, legal or taxation advice.
Prospective purchasers should conduct their own independent enquiries and due diligence and obtain appropriate professional advice before making any investment decision. No warranty or representation is made as to the accuracy or completeness of the information, and no liability is accepted for any errors, omissions or reliance placed upon it.
