Level 2, Monda Apartments (40-apartment building, circa 2012)
Approx. 74m² internal + 12m² balcony (86m² total)
Estimated rental return: $625 $650 per week
Outgoings (approximate per quarter)
Owners Corporation levies: $2,419 p/q
Rectification works special levy: $1,845 p/q
Council rates: $265 p/q
South East Water: $176 p/q
A smart two-bedroom apartment in the boutique Monda complex, vacant and ready to move into or lease. Lift access, double-glazed windows, and a full-length balcony surrounded by greenery. Open plan living and dining flows out to the balcony, with a study nook off the living area, stone benchtops, stainless steel appliances and a slide-out pantry. The master features a built-in robe and ensuite, the second bedroom a built-in robe, and the central bathroom a large shower. European laundry, split-system heating and cooling, video intercom entry, basement stacker carspace, plus storage cage and bike storage.
Chapel Street's cafes, bars and restaurants are 200 meters away, with Windsor Station and trams to the CBD, South Yarra and St Kilda all within easy walking distance.
THE OPPORTUNITY
This apartment is priced to reflect upcoming building works. The building has an active building notice requiring external rectification works, with a builder and funding now in place. The cost of these works is reflected in the special levy shown above and in the price guide. The building is fully insured.
This represents genuine value for a buyer who understands the position and is comfortable with the ongoing costs in exchange for a sharp entry price in a tightly held pocket of Windsor. We encourage all prospective purchasers to review the contract of sale and seek independent legal and financial advice.
Contact Adrian Faranda for a full information pack.
