312/1142 Mount Alexander Road, Essendon, VIC 3040
Just under 7.4% ROI
Currently leased out on a long term arrangement with reliable tenants Punthill Apartments and generating approximately $32,575.56 per annum, this is an opportunity not to be missed.
The apartment offers two bedrooms and two bathrooms, featuring a huge open-plan living and dining area, with a state-of-the-art adjoining kitchen that boasts electric cooking, oven, dishwasher and stone finishes. Currently been used as two apartments with separate entries but features a connecting doorway.
This established apartment is truly exceptional, offering hotel-standard facilities of on-site building management and a fully-equipped gym.
A serviced apartment lease is tied to the property offering an investor with a peace of mind investment. Lease terms are at 5 years with 3 options once the current term ends on 19th February 2021. Rental increases are determined by CPI annually.
METHOD OF SALE
312/1142 Mount Alexander Road
Essendon VIC 3040
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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