INVESTORS! INNER-EAST MELBOURNE INVESTMENT OPPORTUNITY
Investors! A brilliant opportunity to secure a two-bedroom, one-bathroom property situated in one of Melbourne's most sought-after inner-eastern neighbourhoods.
Perfectly positioned within walking distance to the MCG, Rod Laver Arena, and AAMI Park, and just moments from the coveted Paris End of the Melbourne CBD. Enjoy easy access to iconic theatres, renowned restaurants, Chinatown, Federation Square, and the very heart of the city.
This is an exceptional opportunity to acquire a 2 bedroom blue-chip investment in one of Melbourne's most desirable inner-east pockets at entry level pricing.
Investment Highlights:
Rents paid regardless of occupancy
Long-term lease to Quest Apartments
No management fees
No letting fees
No Airbnb or short-stay taxes
Secure, consistent income stream
Set within a small boutique building, with picturesque outlooks onto the established and parkland in Jolimont reserve, this property represents a rare blend of income security, location, and long-term upside in one of Melbourne's most sought-after precincts.
Lease:
Price: $398,000
Current Rent: $25,928 pa / $498 per week
Gross Return: 6.51%
Net Return: 5.52%
Scheduled Rent Increases as Follows:
July 2027 + 3% = $26,705 pa 6.71% gross
July 2028 + 3% = $27,507 pa 6.91% gross
Lease Terms: Lease to July 2029 with 5 x 5-year options remaining.
Two-bedroom, one-bathroom apartment in a highly sought-after inner Melbourne location.
Approximate Owner Outgoings:
Council Rates: $1,911 pa
Water Rates: $791 pa
OC Sinking Levies: $1,242 pa
Total Approximate Outgoings: $3,944 pa
Please call Mandy Fountain for more information on 0408 10 30 10.
Net returns do not include future capital works or additional government taxes associated with property ownership.
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 by 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.
