Sold – Lot 41, Moonee Valley, VIC
POSITION! POSITION! POSITION!
Situated directly opposite Moonee Valley Racecourse and only short stroll to the vibrant retail, dining and cafe precinct of Puckle Street, this large 2 bedroom apartment boasts location, size and yield!
With a $2 billion redevelopment project commencing at Moonee Valley racetrack including construction of a new grandstand, a redeveloped infield suitable for major event use, and only a mere 8km to Melbourne CBD, 7km to Essendon Airport & 15km to Melbourne Airport.
|Lot||Asking Price||status||Gross Return||Net Return||Weekly Return||Annual Rent||Statement of Information|
|41||$489,400||SOLD||7.07%||6.16%||$666.00||$34,643 p/a||CLICK HERE|
Current Rent: $666 per week ($34,643.85 per annum)
Current Return: 7.07% Gross / Net 6.16%
SET RENTAL INCREASES AS FOLLOWS
March 2020- + CPI% increase
March 2021- Market Review
Lease Terms: Lease to 4th March 2021 with 4 x 5 yr options.
Rent Increases: CPI Increases yearly with market rent reviews every 5 years (next due 2021)
** Please note: Gross and Net yields do not include upcoming refurbishment expenditure.
Spacious 2 bedroom 2 bathroom apartment with ensuite to main, large fully equipped kitchen, dining, family room area and outdoor terrace.
Complex has secure gated parking, in ground swimming pool, communal BBQ gazebo area and conference room facilities onsite.
APPROXIMATE ANNUAL OUTGOINGS:
Council Rates: $1102.00 per annum
Water Rates: $685 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $2443 per annum
This property will be due for bathroom and kitchen upgrades at the end of the term approx March 2021. Please contact me for further information.