17/504-512 Princes Highway, Narre Warren, VIC 3805

$330,000

  • 3

    BEDS

  • 2

    BATHS

HIGH YIELD INVESTMENT! OVER 7% nett!

Combining guaranteed rental income of over 7% nett yield, plus 4% rental increases annually, a reputable serviced apartment operator with a proven track record and a prime location, this property ticks all the boxes for investment success!

This spacious 3 bedrooms 2 bathrooms 1 car space apartment is the perfect investment that is only minutes away from Westfield Fountain Gate Shopping Centre and other local amenities.

The Monash Freeway is just around the corner taking you straight into the city in just under 40 minutes. Guests who prefer to use public transport will have the Narre Warren train station available within walking distance or a bus stop conveniently located right outside their doorstep.

Visitors can enjoy a comfortable home away from home in the heart of Narre Warren and enjoy access to the onsite outdoor swimming pool, alfresco barbeque area and conference room.

With a modern kitchen and bathroom, stylish bedrooms and everything you'd expect in a well-appointed fully furnished apartment, this apartment is the perfect set and forget investment for the portfolio or in a SMSF.

The property is operated by Quest, one of Australia's largest and most reputable service apartment hotel operators. Its attention to detail and quality of this property has been reflected in winning the 2014 and 2015 Trip Advisor Certificate of Excellence.

Current Lease terms:
- Leased till 16th July 2020 with another 4 x 5 years further term
- Current rent: $ 23,959.32 per year / $1,996.61 per month (approx. $460 p/week)
- Rental increase of 4% annually, next July 2019 - $24,917.69 per year / $2,076.47 per month (appox. $477.87 p/week)

Outgoings:
Tenant pays water rates, council rates and Owners Corp (OC) admin fee, while Landlord only has to pay the OC maintenance fee of $400.88 per year.

Call us to arrange a private inspection today!!

Features

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

    Exclusive

  • ADDRESS

    17/504-512 Princes Highway

    Narre Warren VIC 3805

  • UPCOMING INSPECTIONS

    By Appointment

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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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