HASSLE FREE INVESTMENT
SUBSTANTIAL RETURN AND LOW OUTGOINGS
Recently completed, this sophisticated one bedroom apartment is situated within the landmark Ivanhoe Apartments and is leased securely to a long term tenant.
Enjoy a strong rental return of $453 per week immediately from settlement with annual CPI rent increases between market reviews and pay less annual outgoings than typical apartments as the tenant is responsible for payment of the owners corporation administration fees.
The stunning property delivers exceptional living space with timber floors and a separate flexi room that could be used as a study or 2nd bedroom (fitted with built in robes). Style and chic design continues in the kitchen, featuring Baumatic appliances including induction cook top and wall mounted oven. A generous bedroom provides excellent built-in storage.
Other features include a full width balcony taking in views of the Dandenong ranges across to the city skyline, sparkling bathroom with laundry facilities, reverse cycle air conditioning, double glazing, secure basement car park and excellent security intercom system.
With a secure long term tenant, low outgoings and a high rental return, this property would be a hassle free investment and may be suitable to purchase as a Self Managed Super Fund (SMSF).
Owners also have the advantage of being able to stay in their investment apartment or one nominated by the Tenant for up to 7 days per year. (Conditions apply)
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY NOT FOR OWNER OCCUPATION.
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.