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Sold: Moorabbin VIC

Sold: Moorabbin VIC

6.74% rent return  2 Bedrooms 2 Bathrooms Year Built: 2011

Offered for sale for the first time by the original developers – SOLD OUT

Located approximately  18 Km from CBD Melbourne & surrounded by the bayside suburbs of Cheltenham and Mentone we are proud to offer these 2 bedroom apartments for sale.

In the heart of Melbourne’s Sand-belt Golf course region with DFO and Southland Shopping centres within close proximity and beautiful Parkdale beach a mere 5km away.

Neighbouring Moorabbin industrial park and a number of manufacturing businesses, the property provides quality accommodation to both corporate and leisure guests together with the golfing fraternity.

Built in 2011, the apartments offer twin key versatility, open plan living/dining areas, full kitchen facilities, two bathrooms, balconies and a car park on title.

Set and forget investment with new building depreciation and 4% rent increases right through to 2021. Prices below include new carpets and full internal repainting which will be carried out this year under our regular maintenance program.

Enjoy a solid increasing gross yield of 6.74% increasing to 8.06% over the next 5 years with no vacancies, no tenant hassles and no management or letting fees.

THE LIST BELOW SHOWS SOME EXAMPLES OF WHAT WE HAVE AVAILABLE IN THIS DEVELOPMENT

Apartment Asking Price Bedrooms % Return Weekly Return Annual Return
Lot 1 SOLD 6.74% $538 $27,973
Lot 2 SOLD 2 6.74% $538 $27,973
Lot 3 SOLD 2 6.74% $538 $27,973
Lot 5 SOLD 2 6.74% $538 $27,973
Lot 6 SOLD 2 6.74% $538 $27,973
Lot 8 SOLD 2 6.74% $538 $27,973
Lot 11 SOLD 2 6.76% $527 $27,425
Lot 12 SOLD 2 6.89% $538 $27,973
Lot 13 SOLD 2 6.89% $538 $27,973
Lot 101 SOLD 2 6.74% $538 $27,973
Lot 102 SOLD 2 6.76% $527 $27,425
Lot 103 SOLD 2 6.74% $538 $27,973
Lot 105 SOLD 2 6.89% $538 $27,973
Lot 106 SOLD 2 6.74% $538 $27,973
Lot 108 SOLD 2 6.76% $527 $27,425
Lot 110 SOLD 2 6.74% $538 $27,973
Lot 114 SOLD 2 6.76% $527 $27,425
Lot 115 SOLD 2 6.76% $527 $27,425
Lot 116 SOLD 2 6.76% $527 $27,425

 

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