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203/1142 Mt Alexander Rd

Essendon VIC 3040

1
1
Apartment
Currently for sale - view listing

Overview

Strong Returns. Established Operator. Investment Opportunity.

INVESTMENT HIGHLIGHTS • 7.9% gross rental return • Current net rental income of approximately $21,054.55 p.a. • Lease commenced currently a 5 YEAR Lease commencing on the 20th February 2026 & running to 2031. • Three further 5-year lease options available to Punt Hill. • Established serviced apartment operator • There are NO vacancy periods, no letting fees and no advertising for any new tenant. • This apartment has also been refurbished with new carpet, fresh paint & new window furnishings, thus keeping future expenditure low. • Fully equipped gym and Flexible meeting room available for events in Complex. • Contemporary fit out including stone bench, stainless steel appliances, heating, cooling, window furnishings and Euro laundry. • Convenient Essendon location close to shops, public transport, pubs and major road links If you're looking to add a secure, income-producing asset to your property portfolio, this second-floor serviced apartment presents an attractive investment opportunity with a long-term lease to Punt Hill and a current GROSS RENTAL-return of approximately 7.9%. This is an opportunity to secure an investment with an established accommodation operator, providing the benefit of an existing rental arrangement rather than the uncertainty of finding and retaining a residential tenant. The apartment itself offers comfortable, well-appointed accommodation comprising a spacious bedroom with mirrored built-in robes, generous open-plan living and dining with heating and cooling in living zone , and direct access to a good-sized balcony. The contemporary kitchen features stone bench tops , stainless-steel appliances and a dishwasher, while the sparkling central bathroom includes convenient European laundry facilities. Strictly an investment property and offered subject to a long-term lease. CONTACT THORAYA JEENA 0481 22 66 88 YOUR TRUSTED TOORAK AGENT FOR FURTHER INFORMATION (Although every care has been taken in the preparation of the information above, we stress particulars herein are for information purposes only, and do not constitute representation by the Owner or the Agent.) DUE DILIGENCE CHECKLIST https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists/due-diligence

Features

1 bedroom
1 bathroom
Apartment

Property history for 203/1142 Mt Alexander Rd

2018
Sold
Undisclosed
Private Sale/Treaty on 14 Nov 2018 by Thoraya Jeena, of Jeena & Saacs Real Estate Pty Ltd

Happy sellers in Essendon

84%
84% of sellers in Essendon reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 62 reviews in Essendon over the last 12 months.

Local market activity for 1 bedroom apartments in Essendon

In the last 12 months, 59 one-bedroom apartments similar to 203/1142 Mt Alexander Rd, have been sold.

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

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