201/8 Bruce Street, Box Hill, VIC 3128
Box Hill! Return on Investment over 9%
+++ High Investment Return at Prime Location +++
Offering a 9.3% return on investment in Melbourne's strongest growth suburb outside of the CBD, this studio apartment offers an exceptional investment opportunity.
Box Hill is experiencing strong population growth and high-level commercial development, with excellent capital prospects.
The modern studio student apartment sits within a contemporary building that overlooks Box Hill Gardens. Situated on the second floor, the 25m2 apartment features a bright kitchen, modern bathroom, balcony and intercom system.
Located just off Whitehorse Road, the apartment offers convenient public transport connections, close proximity to Box Hill Centro and renowned dining precincts, freeway access and parklands. The location offers easy access and short travel times to Box Hill TAFE, Deakin University, Melbourne University, Monash University, Swinburne University and local secondary schools, as well as the CBD.
With annual rental income of $11,210, and estimated outgoings of $2,900, this property offers the astute investor a high return on investment of more than 9.3% on gross rent and 7% on net rent. This property will sell quickly.
- One year lease ending March 18
- Monthly rent $934.23
Outgoings based on 2016-17:
- Water rate: $686.33
- Council rate: $313.70
- OC levies: $1,889.60
- Estimated return on gross rent is about 9.3%, net rent return is around 7%
Act quick and grab this great investment opportunity today!
METHOD OF SALE
201/8 Bruce Street
Box Hill VIC 3128
Tze ChanAn 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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