2 Kitchens, 2 bathrooms, Balcony and Carpark. $701 per week rent with increases until 2031.
Dual Key Configuration- Can be separated into a One bedroom + Separate Studio- Or fully open to a 2 bedroom, 2 bathroom with 2 Kitchen apartment!
Under Long Term Lease with Quest Apartments;
No management or letting fees.
No Owners corporation building insurance or Owners corporation Admin levies.
Current Rent : $701 per week - $36,500 pa
Return: 7.73% Gross - 6.60%- Net
Increases as follows:
MARCH 2027 + CPI INCREASE
MARCH 2028 + CPI INCREASE
MARCH 2029 + CPI INCREASE
MARCH 2030 + CPI INCREASE
MARCH 2031 - MARKET REVIEW
Leased to: 05/03/2031 with 5 x 5 year options
2 BED, TWIN KEY, 2 KITCHENS + 2 BATH + BALCONY + CAR PARK ON TITLE
Situated directly opposite Moonee Valley Racecourse, and only a short stroll to the vibrant retail, dining and cafe precinct of Puckle Street, this large 2 bedroom interconnecting apartment boasts location, and size.
Within a small boutique complex, directly overlooking the $2 billion redevelopment well under way at Moonee Valley racetrack. The project will deliver a world-class racing facility which combines residential, retail, commercial and lifestyle, cafe's/ restaurant precinct.
Only a mere 8km to Melbourne CBD, 7km to Essendon Airport & 15 km to Melbourne Airport, and a location that cannot be overlooked!
Just completed a major refurbishment and boasting a large 89.2 m2 internal floor area plus balcony, this 2 bedroom, 2 bathroom twin key apartment has an enviable address directly opposite Moonee Valley Racetrack and entertainment complex. New cabinetry to 2 x kitchens ( main and kitchenette) and full refurbishments to both bathrooms throughout, stone benchtops, new tiling, new tapware etc, the property offers investors a chic brand-new fit out with no costly upgrade expenditure.
Apartment can be split and separated to a one bed + studio, or reoponed to complete 2 bed 2 bath. The studio features a second kitchenette.
Outdoor entertainment terrace, secure gated parking (on title), an in-ground swimming pool, communal BBQ gazebo area and conference room facilities onsite offering investors strong returns. !!
Outgoings:
Council Rates: $1256 per annum
Water Rates: $740 per annum
Owners Corporation Maint levy: $3317 per annum
Owners Corporation Admin Levy: Paid by hotel
Please note some images may be generic and of an exact same apartment.
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