Great Returns with Depreciation Benefits - It's positively geared!
This superb investment opportunity is leased till September 2013 at a fantastic rate of $1,130.00 per month. This represents a gross return of about 9.1%. DEPRECIATION BENEFITS INCREASE THIS PERCENTAGE RETURN EVEN FURTHER!
This quality apartment boasts a chef-friendly kitchen, spacious living zone, bedroom and modern bathroom. Residents have use of a function room, barbeque facilities and commercial-grade laundry.
Outgoings: Owners Corporation of $333 per quarter ($1,332 per annum) and Council rates of about $400 per year. Zoned Residential 1 with student accommodation requirements (however not all tenants in this building are students). Building size of approximately 26m2 (3 sq's).
This unique property is located within a short stroll of Malvern Train Station, Malvern Central, Monash University, tram routes, sporting fields and more.
Inspect today!