INVESTORS $32,093.29 PA RENT | 7.90% GROSS / 7.14% NET
1 BEDROOM | 1 BATHROOM | BALCONY + CAR PARK
Located within Uni Hill Town Centre and a short stroll to DFO Shopping Centre, supermarkets, local restaurants and cafés, Quest Bundoora is positioned in one of Melbourne's growing north-eastern suburbs.
Approximately 20km from Melbourne's CBD, with a tram stop nearby providing convenient access to the city, and Ideally located close to La Trobe University, RMIT, Funfields Water Park, Bundoora Park, Bundoora Homestead, Parade College, Northern Hospital and Northpark Private Hospital.
PROPERTY DETAILS
1 Bedroom
1 Bathroom
Disabled Bathroom
Balcony
Car Park
INVESTMENT DETAILS
Price: $406,000
Current Rent: $32,093.29 p.a. / $617 per week
Gross Return: 7.90%
Net Return: 7.14%
INCREASES AS FOLLOWS:
August 2027 Market Review
August 2028 4% Increase
August 2029 4% Increase
August 2030 4% Increase
August 2031 4% Increase
August 2032 Market Review
Leased to: 26/08/2027 with 4 x 5-year options
APPROXIMATE OWNER OUTGOINGS
Council Rates: $1,789 p.a.
Water Rates: $800 p.a.
OC Sinking / Maintenance Fund: $500 p.a.
Total Owner Outgoings: $3,089 p.a.
PRIME BUNDOORA LOCATION
Combining $32,093.29 per annum rental income with a 7.90% gross return and 7.14% net return, this one-bedroom apartment presents investors with an opportunity to secure an investment within the established Quest Bundoora complex.
Net return is based on the annual owner outgoings listed below and does not include stamp duty or government taxes associated with property ownership.
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Annie Strafford
Sales Agent
Ph: 0406 322 888
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
DISCLAIMER
The information provided herein, and any further information supplied, is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek advice from their legal, financial and other professional advisors prior to investing to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. No responsibility is accepted for its accuracy, and all interested parties should make and rely upon their own enquiries.
