504/157-163 Lonsdale Street, Dandenong, VIC 3175
Excellent Investment Opportunity!
+++ Investors Only, Not for Owner Occupiers +++
This modern and stylish studio is managed by reputable Punthill Apartment Hotels and offers an exceptional proposition for investors.
With guaranteed rental income, zero vacancy, a reliable long-term tenant, this property is ideal as a superannuation investment or for astute investors looking to grow their portfolio.
Situated in one of Melbourne's growth corridors, the attractive building is located in the heart of Dandenong. The culturally rich and diverse suburb offers easy access to the south-eastern business district of Melbourne and is appealing for leisure and business travellers alike.
Boasting business and conference facilities, a gymnasium, restaurant and complimentary parking, the property offers comfort and convenience.
With this much potential, this property will prove to be a worthwhile investment for a long time yet.
Lease Details (Updated Oct 2017):
Leased to 30th Sept 2019 plus 3 x 5 years option
Current Rent: $232 per week, $1,007.85 per month, $12,094.20 per year
Current Return: 6.91%
Next rent increase: CPI increase 1st October 2018
Rental increase: CPI yearly with market review every five years (next due 2019)
- Owner's Outgoings:
Water rates, Council rates & OC Maintenance fees
- Tenant's Outgoings:
OC Admin fees
Don't miss out on this great opportunity to secure this investment property! Contact us today to arrange for an inspection!
METHOD OF SALE
504/157-163 Lonsdale Street
Dandenong VIC 3175
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
Talk to an expert
Whatever your real estate needs, we have the experts to guide you on your journeyHOW CAN WE HELP YOU?