31/504 Princes Highway, Narre Warren, VIC, 3805

SoldMay 6, 2025

31/504 Princes Highway, Narre Warren, VIC, 3805

$300,000

Apartment

•

30+ days on the market

Sold: May 6, 2025

What's around 31/504 Princes Highway

Secured Serviced Apartment Investment Opportunity

For Investors Only – Not Suitable for Owner-Occupiers This spacious 3-bedroom, 2-bathroom apartment presents a fantastic investment opportunity, located just minutes from Westfield Fountain Gate Shopping Centre and a variety of local amenities. The Monash Freeway is just around the corner, providing direct access to the city in under 40 minutes. For those relying on public transport, Narre Warren train station is within walking distance, and a bus stop is conveniently located right outside the property. Current Rent: $2,195.61 per month ($26,347.32 per annum) Gross Rental Return: 8.23% per annum Rent Increases: 4% annually, ensuring consistent growth Current Lease Term: 2010–2030 (with 4 x 5-year options), with the third term renewing on 01/07/2025 Minimal Owner Outgoings: Council Rates: Paid by Quest Water Rates: Paid by Quest Body Corporate Admin Fees: Paid by Quest Guests can enjoy a comfortable, home-away-from-home experience in the heart of Narre Warren, with access to a range of on-site facilities, including an outdoor swimming pool, alfresco barbeque area, and a conference room. Recently refurbished, this property is presented in pristine condition, offering a welcoming and modern environment for guests. Managed by Quest, one of Australia’s leading serviced apartment operators, this property benefits from their high standards of quality and exceptional attention to detail. Its excellence is reflected in its recognition with the Trip Advisor Certificate of Excellence in both 2014 and 2015. Photo ID required at all open for inspections. Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

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Seller's review

about 1 year ago

Verified Review

Great experience

Cathy exudes enthusiasm and efficiency. She clearly puts a lot of energy into her work, applies herself diligently to ensure a smooth buying & selling process. Our experience has been positive throughout and we value her support. Would recommend her highly to anyone seeking a top real estate agent.

I Roberts

Seller