INVESTORS BE QUICK! $41,830 PA RENT | 8.28% GROSS / 7.59% NET
Located within Uni Hill Town Centre and a short stroll to DFO Shopping Centre, supermarkets, local restaurants and cafés, Quest Bundoora is positioned in one of Melbourne's growing north-eastern suburbs.
Approximately 20km from the Melbourne CBD, with a tram stop nearby providing direct access towards the city, the property was purpose-built and completed in 2012.
Ideally located within close proximity to La Trobe University, RMIT, Funfields Water Park, Bundoora Park, Bundoora Homestead, Parade College, Northern Hospital and Northpark Private Hospital.
This spacious two-bedroom, two-bathroom apartment offers approximately 82m² of living space, together with an underground secure car park.
Carpet, paint, upgraded downlights, stone benchtops, waterproofing and caulking works to the bathrooms were last carried out in 2024.
Complex facilities include a communal mezzanine outdoor entertaining and BBQ area.
INVESTMENT DETAILS
Price: $504,950
Current Rent: $41,830 per annum / $804 per week
Gross Return: 8.28%
Net Return: 7.59%
INCREASES AS FOLLOWS:
August 2027 Market Review
August 2028 4% Increase
August 2029 4% Increase
August 2030 4% Increase
August 2031 4% Increase
August 2032 Market Review
Leased to: 26/08/2027 with 4 x 5-year options
Net return is based on the annual owner outgoings listed below and does not include stamp duty or other government taxes associated with property ownership.
2 Bedrooms
2 Bathrooms
Approx. 82m² Living Space
Underground Secure Car Park
APPROXIMATE OWNER OUTGOINGS
Council Rates: $1,700 per annum
Water Rates: $880 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Maintenance Fund: $900 per annum
Total Owner Outgoings: $3,480 per annum
Combining an 8.28% gross return and 7.59% net return, this property presents investors with an opportunity to secure a spacious two-bedroom apartment in an established Bundoora location.
Its proximity to Uni Hill Town Centre, DFO, universities, hospitals, public transport, restaurants and other local amenities further strengthen its appeal as a conveniently positioned investment.
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Annie Strafford
Sales Agent
Ph: 0406 322 888
DISCLAIMER
The information provided herein, and any further information supplied, is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek advice from their legal, financial and other professional advisors prior to investing to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. No responsibility is accepted for its accuracy, and all interested parties should make and rely upon their own enquiries.
