This spacious apartment ticks all the boxes when it comes to a successful long term investment.
Featuring Two Bedrooms and Two Bathrooms, a spacious open plan living, dining and kitchen area, modern appointments, heating/cooling, laundry. Generous terrace. Carpark on title.
Strategically located on the whitehorse road tram, close to Balwyn Village Shops and Box Hill Central, and of course Mont Albert train station a very short walk!
Long Lease to a blue chip tenant (Quest Serviced Apartments) so sit back and enjoy a hassle free investment with increasing rental returns over time.
Current lease term expires September 2013. The tenant then has 3 x 5 year options, which means that the tenant can elect to stay until 2028.
Rental is $1,905.22 per month. This is a set amount each month. There are annual 4% rental increases each September, with a market review every 5 years.
With interest rates around the 5% mark and a net return circa 7% - this really is the dream of positive cash flow come true! Better still, there is huge capital growth upside in the long term as you would expect with a 2 bed 2 bath apartment for this price in such a sought after location!
Contact Bryce Carroll on 0413 377 982 or bryce@cmck.com.au to arrange a private inspection
Bryce Carroll : 0413 377 982