24/3 Studley Park Road, Kew, Vic 3101

MUST SELL!! Cash Flow Positive Set and Forget Investment

$154,000

Description

Property ID: 100210# (use when calling in)

This light, bright and spacious studio apartment is securely leased to Comfy Kew Apartments until July 2026.

The current guaranteed rental is $12,752.64 per year ($1,062.72 per month), rising to $13,683.22 per year from July 2023, $14,184.82 from July 2024 and $14,698.07 from July 2025.

The landlord pays the following outgoings:
council rates $870 pa approx
water rates $800 pa approx
owner corporation $2,185 pa approx

tenant pays the following outgoings:
general maintenance
water usage

Prime Blue Chip location in the Kew Junction Precinct, close to shops, transport, and private schools.

Perfect for a self-managed super fund or an astute investor looking for a positive cash flow investment (high net yield, rising as high as around 6.6% from July 2025) with minimal hassle and a secure income stream

New carpet and repainting have just been completed throughout the building.

make an offer!

DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.

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