202/353 Springvale Rd

Glen Waverley VIC 3150

106 m²

Apartment

Currently for sale - view listing

Overview

INVESTORS: RETURNING $712 per Week rent- $37,040 pa

INVESTORS- $712 PER WEEK RENT WITH INCREASES Rents paid regardless of occupancy, no management or letting fees. DUAL KEY- TWIN INTERCONNECTING ROOM: 2 BED, 2 BATH BALCONY & BASEMENT CAR PARK. JUST COMPLETED CARPET, BLINDS, CURTAINS AND STONE BENCHTOPS TO 2 X BATHROOMS AND KITCHEN. 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, business professionals and tourists alike will enjoy whats on offer. Quest Glen Waverley is also an easy walk to the Kingsway Restaurant and Entertainment Precinct, the Glen Shopping Centre and the Century City Movie Cinemas. Everything at your doorstep, Lease Details: Current Rent: $712 p/w - $37,040 pa Current Return: 7.48% Gross - 6.69% Net Increases as follows: December 2026 + 4% = $740 p/week - $38,521 pa- 7.78% gross December 2027 + 4% = $770 p/week - $40,062 pa- 8.09% gross Lease Terms: Lease to December 2028 with 4 x 5 yr options Rent Reviews: Next Market Review December 2028. Net returns do not include future capital works or additional government taxes associated with property ownership Situated a short stroll from the Glen Shopping Centre this two bedroom, two bathroom- twin Key apartment offers an array of features. With an interconnecting door providing the versatility of being converted to a separate one bedroom and interconnecting studio, or full two bedroom. With a fully equipped main kitchen and second kitchenette. Can be separated into two separate dual living apartments. Large open plan living area Outdoor balcony and entertaining area. Car park on title. Scheduled 4% rental increases and secure Quest tenant operating since 2008. Approximate Owner Outgoings: Council Rates : $1230.00 per annum Water Rates: $880.00 per annum Body Corporate Administration fee: NIL Paid by tenant Body Corporate Sinking fund: $1795 per annum Please note outgoings are subject to change by the relevant authorities. 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.