3A/116 -130 Main Drive, Macleod, Vic 3085

The Perfect Investment, 7% Nett return

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Description

Property type: Student Apartment / Unit / Flat
- Fully furnished
- Full security entrance door, intercom and CCTV
- Secure Parking
- Heating & cooling
- Broadband internet available, Pay TV access

Kingsbury Gardens Apartments are located in the heart of Macleod, in the prestigious Springthorpe Estate. Shopping area nearby including restaurants and cafes. Fantastic public transport right outside your doorstep, tram, train, bus, all available.

Currently leased for an outstanding return, it is minutes to La Trobe University, ensuring that a tenant is always easily found!

General Features:
10% return p/a, 7% Nett
Rent: $200/week, lease until Jan 2018 and has always been tenanted
Outgoings (2015-16): $3,380 p/a (Management, Corporate, Rates, Water)

Pictures are about the complex, area and about similar apartments in the complex, but not necessary from exact apartment for sale.

Note that if lending money for purchase, banks normally lend 50% for student accommodation properties.


Disclaimer: We have been furnished with the above information, however, For Sale For Lease gives no guarantees or undertakings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.

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