2-BEDROOM, 2-BATHROOM APARTMENT | 6.57% GROSS / 6.28% NET | 4% RENT INCREASES
A unique opportunity to secure a well-positioned two-bedroom, two-bathroom apartment with car park in Melbourne's southeast, approximately 30 kilometres from Melbourne CBD.
Dandenong is a major commercial hub with strong connectivity, established employment precincts and extensive industrial and business parks in Dandenong South.
INVESTMENT ADVANTAGES
Major commercial and employment hub approximately 30km from Melbourne CBD.
Close to Dandenong Hospital, Dandenong Market, shopping, dining and employment precincts.
Direct access to EastLink, Monash Freeway and Dandenong Bypass.
Dandenong South provides major industrial and business infrastructure.
Dandenong Train Station is within easy reach.
Quest Dandenong offers BBQ area, conference facilities and an outdoor swimming pool area.
LEASE DETAILS
Price: $350,000
Current Rent: $23,000 p.a. / $442 per week
Gross Return: 6.57%
Net Return: 6.28%
SCHEDULED RENT INCREASES
Jan 2027: + 4% = $23,920 p.a. 6.83% Gross
Jan 2028: + 4% = $24,876 p.a. 7.10% Gross
Jan 2029: + 4% = $25,871 p.a. 7.39% Gross
Jan 2030: + 4% = $26,906 p.a. 7.68% Gross
1 January 2031: Market Review
Leased to 31/12/2030 with 4 x 5-year options
APPROXIMATE OWNER OUTGOINGS
Council Rates: PAID BY HOTEL
Water Rates: PAID BY HOTEL
Electricity Usage: PAID BY HOTEL
Owners Corporation Administration Levies: PAID BY HOTEL
Owners Corporation Sinking Fund: $1,000 p.a.
Two Bedroom 2 Bathroom + Car Park
Spacious master bedroom complete with king-size bed and full ensuite to master.
Modern kitchen with white stone benchtops, stainless-steel appliances, including dishwasher adjoining the family and meals area.
Onsite communal inground swimming pool, recently refurbished with frameless glass fencing, and undercover BBQ area.
With car park on title and only a short walk to Dandenong CBD, including markets, restaurants, transport, shopping and major industries.
Quest pays all Council Rates, Water Rates, Water Usage, Electricity Usage, Building Insurance, Common Area Public Liability and Owners Corporation Administration Levies.
INVESTMENT DETAILS
Property: Lot 12 26 James Street, Dandenong
Configuration: 2 Bedrooms / 2 Bathrooms
Car Park: 1
PLEASE NOTE
Carpet upgrades are due. Bathroom upgrades will be due within 14 years.
Due to a long-term guest currently occupying the apartment, images used are generic and are of a similar-plan lot.
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 contained in this brochure has been provided by the vendor and other sources and is believed to be reliable; however, it has not been independently verified. It is provided for general information purposes only and does not constitute financial, investment, legal or taxation advice.
Prospective purchasers should conduct their own independent enquiries and due diligence and obtain appropriate professional advice before making any investment decision. No warranty or representation is made as to the accuracy or completeness of the information, and no liability is accepted for any errors, omissions or reliance placed upon it.
