If you are seeking a strong cash-flow performer to add to your investment crown, look no further than this one-bedroom apartment is a perfect entry into property investment or owner-occupier.
The contemporary complex features secure entry and intercom, plus a communal laundry and lounge area. Comprises an open plan living/dining zone open onto a private balcony. The apartment size is approx. 32 sqm.
Features bedroom with ensuite, built-in study desk, and reverse cycle split system, adjacent to the kitchen. A spacious modern bathroom boasts a stone-topped vanity, whilst the kitchen features a stainless steel gas cooktop, complete with a bar fridge and microwave oven.
The nearby convenience is outstanding: walking distance to Box Hill TAFE, Gardens, hospital, trams, buses and train station, plus Box Hill Central. With the increasing number of students seeking accommodation in a position like this, this apartment could be an ideal investment.
The property is currently leased for $20,800 per annum ($400 per week) from 25/02/2025 to 24/02/2026. Based on the current lease, the gross rental yield is approximately 14.1% based on the selling price of $148,000, which is highly attractive for an investment property.
The outgoings for this apartment are as follows:
* Body Corporate Fees: $550 per quarter (approx.)
* Council Rates: $383.4 per annum (approx.)
* Water rates: $193 per quarter (approx.)
What this apartment has to offer:
- Stylist stone kitchen - Secure entrance
- Public lounge
- Private Balcony
- Gas Cooktop
- Communal laundry
- Partly Furnished (Reverse cycle split system, Fridge, Microwave, TV, and Study Desk)
