An established income-producing opportunity where the hard work has already been done.
Positioned in the rapidly growing Donnybrook community, 35 Bovine Crescent presents an attractive opportunity for investors seeking immediate rental income, an established rental configuration and the convenience of a fully furnished property.
Currently generating a combined $620 per week - equivalent to $32,240 in gross annual rental income - the property is being offered with existing rental agreement already in place, allowing the incoming purchaser to step straight into an established income stream.
Better still, the property is being sold fully furnished, with the existing furniture, appliances and soft furnishings included, creating a genuine turnkey investment without the additional expense and time associated with furnishing and establishing the property.
Established Income From Day One
The current rental arrangement comprises:
* Room 1 - $330 per week
* Room 2 - $290 per week
* Combined rental income - $620 per week
* Gross annual rental income - $32,240
* Two existing rental agreements already in place
Designed across two levels, the residence offers a modern and practical layout complemented by contemporary finishes, light-filled living spaces and private accommodation.
The home features a sleek kitchen with stainless-steel appliances, open-plan living and dining, modern bathroom facilities, split-system heating and cooling, generous storage and a private outdoor terrace/balcony, creating an additional space to relax and unwind.
Importantly for investors, the property also benefits from no owners corporation/strata fees.
Fully Furnished & Ready to Perform
The sale includes the property's existing furniture, appliances and soft furnishings, providing the successful purchaser with an already established setup.
Rather than purchasing an empty property and then arranging furniture, appliances and occupants separately, this opportunity provides the property, furnishings and current rental arrangements together.
Depreciation Schedule Included
The current owner has invested approximately $650 in obtaining a professional property depreciation schedule, which will be provided to the successful purchaser.
Subject to the purchaser's individual circumstances and professional taxation advice, the schedule may assist with claiming eligible depreciation deductions over the next five years - while also saving the incoming owner the expense and inconvenience of arranging a new schedule.
Location & Future Amenity
Set within one of Melbourne's rapidly developing northern growth corridors, the property enjoys convenient access to Donnybrook Train Station, local parks and recreation spaces, schools and childcare options, with established shopping and everyday amenities available throughout the surrounding Donnybrook, Kalkallo and Craigieburn areas.
Adding further appeal is the planned shopping centre development directly opposite the property, which the vendor advises is currently anticipated for completion in March 2027. Once delivered, the development is expected to introduce further shopping and local amenity within immediate proximity of the residence.
With continued residential development and infrastructure investment throughout Melbourne's northern corridor, the position offers a compelling combination of current income and future surrounding amenity.
A Genuine Turnkey Investment
35 Bovine Crescent, Donnybrook brings together the elements investors are looking for: $620 per week in existing rental income, two rental agreements already in place, full furnishings included, no strata fees, a professional depreciation schedule and significant future amenity planned directly opposite.
Whether you're adding to an established portfolio or securing your next investment, this is an opportunity to acquire a property where the income stream is already established from day one.
Due diligence checklist - for home and residential property buyers -
http://www.consumer.vic.gov.au/duediligencechecklist
