SELLER SAYS SELL!!
BUY A HOME FOR $149,950?
OR AN INVESTMENT? YES, YOU CAN!!
AFFORDABLE DANDENONG CBD LIVING! INCLUDING ALL FURNITURE
Tired of paying rent with nothing to show for it? This could be your chance to stop renting and start owning with this affordable, low-maintenance studio apartment in the heart of Dandenong CBD.
Offering approximately 27m² of living space, this neat one-bedroom studio represents a cheap-as-chips entry point into the property market and is ideal for first-home buyers, singles, owner-occupiers or investors.
LIVE IN OR INVEST YOU CHOOSE
Currently leased to the hotel, the property offers flexibility for the new owner. Investors can choose to continue with the existing leasing arrangement, while buyers looking for an affordable home can provide 30 days notice and live in.
Current Rent: $14,183.00 per annum
Lease Term: 1 November 2024 30 October 2027
Remaining Options: 3 further terms of 3 years each
Rent Increases: CPI increases each November
Market Review: November 2027
Why keep paying someone else's mortgage when you could own your own property?
PROPERTY FEATURES
Approximately 27m² of living space
One-bedroom studio accommodation
Private bathroom
Low-maintenance property
Option to live in or lease privately,
Affordable entry into the Dandenong property market
CENTRAL DANDENONG LOCATION
Located in the heart of Dandenong CBD, everything you need is close by, including shopping, restaurants, Dandenong Market, Drum Theatre and local amenities.
Also conveniently positioned near:
Dandenong Hospital
Dandenong Valley Private Hospital
Dandenong South employment and industrial precinct
Major shopping and retail facilities
Public transport and major road connections
DON'T MISS THIS ONE
With affordability becoming increasingly difficult, opportunities to secure a property at this price point are becoming harder to find.
Why pay rent when you could own?
Whether you're looking for your first home, a simple city-base or an affordable investment, this is a cheap-as-chips opportunity that deserves your attention.
Current lease details are:
LEASE DETAILS
Current Rent: $14,183 per annum / $272 per week
Gross return: 9.45%
Net return: 7.03%
The current lease is with the hotel and may remain in place, with 30 days' notice required to exit
OUTGOINGS
Council Rates: $377 p.a.
Water Rates: $704 p.a.
Owners Corporation Levies: $2,548 p.a.
URGENT SALE PRICED TO SELL.
Inspect now and see just how affordable owning your own property can be.
For more information, please contact the following:
Annie Strafford - 0406 322 888
Sales Agent
Mandy Fountain 0408 10 30 10
Director and Licensed Real Estate Agent
Disclaimer: The information contained has been provided by the vendor or third parties. Potential purchasers are advised to conduct their own independent enquiries and due diligence to verify its accuracy, including the lease terms, outgoings and suitability of the property for their intended use. We do not accept responsibility for its accuracy and do no more than pass it on.
