112/337 Stud Road, Wantirna South, VIC 3152

$400,000

  • 2

    BEDS

  • 2

    BATHS

Great Investment Opportunity!

The ideal investment for the savvy investor, this unique and spacious 2 bedroom 2 bathroom apartment is conveniently located just 25kms south east of Melbourne.

Well positioned across the road from Westfield Knox City Shopping Centre and Swinburne University, the apartment is currently leased to the reputable Puntill Apartment Hotels who look after all maintenance and outgoings relating to the property.

Investors enjoy high returns with yearly CPI adjustments during the term of the lease without the headaches of finding and managing new tenants.

The apartment also offers convenient facilities for its guests such as a gym, swimming pool, garden and bbq area and state of the art conference rooms.

A perfect set and forget investment for the SMSF or entry-level investment, this is rare opportunity is not to be missed.

Lease details:
- Leased till 7th January 2023 with another 2 x 5 years option
- Currently Undergoing Rent Review as Tenant has exercised option to renew.
- Current Rent: approx. $545 per week or $2,370.92 per month.
- Current Returns : approx. 6.5%
- Rental increase: CPI yearly
- Next rental increase: 8th January 2018

Owner's Outgoings:
- Water rates: $680.29 per year
- Council rates: $821.85 per year
- Owner's Corporation Maintenance: $1,276.55 per year

Tenant's Outgoings:
- Owner's Corporation Admin: $2,901.24 per year

Features

  • Air
    Conditioning
  • Built
    In Robes
BUY NOW
  • METHOD OF SALE

    Exclusive

  • ADDRESS

    112/337 Stud Road

    Wantirna South VIC 3152

  • UPCOMING INSPECTIONS

    By Appointment

Request Contract

Sales Agents

Tze Chan

An honest, highly driven and enthusiastic agent, Tze Chan is an asset to those looking to sell their property for a premium price. With over seven years of experience in residential and commercial property sales, Tze brings a valuable skill set to his role as Sales and Business Development Manager at Network Pacific Real Estate. As Tze puts it “I get great satisfaction from helping clients achieve their property goals and ensuring every vendor and purchaser receives constant feedback throughout the sales process.” Fluent in Chinese (Mandarin and Cantonese) and Malay, Tze’s formula for success is built upon his exceptional communication and interpersonal skills, local market knowledge and in depth understanding of the sales process. Drawn to Network Pacific for its innovative processes and ongoing education and training, Tze has proven himself as an outstanding sales agent and experienced negotiator. Tze has a Bachelor’s Degree in Business Studies from the University of Technology Sydney and is a REIV member. Collapse

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