$469,000
2 Bed • 2 Bath • 1 Car
New
Lot 7/7 Feehan Avenue, Moonee Ponds VIC 3039
$469,000
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What's around Feehan Avenue
Serviced Apartment description
“2 Bed, 2 Bath, balcony + Car park- INVESTMENT: Outlook to Racetrack Complex & New Development”
Situated directly opposite Moonee Valley Racecourse, and only a short stroll to the vibrant retail, dining and cafe precinct of Puckle Street, this large 2 bedroom apartment boasts location, and size.
Under long term lease with Quest Apartment Hotels, this front facing apartment within a small boutique complex, directly overlooks the $2 billion redevelopment well under way at Moonee Valley racetrack.
Boasting a sizeable 74.6 m2 floor area, this front facing 2 bedroom, 2 bathroom apartment enjoys views directly facing Moonee Valley racetrack complex and the new entertainment/ dining precinct.
Open plan living with lounge room, dining area and kitchen opening to outdoor entertainment terrace.
The apartment features two bathrooms with full ensuite to master, and european style seperate laundry. The Complex has secure gated parking (on title), an inground swimming pool, communal BBQ gazebo area and conference room facilities onsite.
A location that cannot be ignored for investors!!
Lease Details:
Current Rent : $644 pw - $33,523 pa (As of March -CPI Increase)
Return: 7.14 % Gross - 6.31%- Net
Increases on the lease rental as follows:
MARCH 2024 +CPI
MARCH 2025 + CPI
MARCH 2026- MARKET REVIEW
Leased to: 05/03/2026 plus 6 x 5 Year options
**Net returns do not include capital works or additional expenses associated with property ownership.
Approximate Owner Outgoings:
Council Rates $1186.00 per annum
Water Rates: $ 580.00 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $2200 per annum
The project will deliver a world-class racing facility which combines residential, retail, commercial and lifestyle, cafe/ restaurant precinct.
Only a mere 8km to Melbourne CBD, 7km to Essendon Airport & 15km to Melbourne Airport, and a location that can not be overlooked!
PLEASE NOTE:
THIS APARTMENT WILL BE DUE FOR KITCHEN AND BATHROOM UPGRADES THIS TERM,
PLEASE PHONE FOR MORE INFORMATION
SOME IMAGES MAY BE GENERIC AND OF AN IDENTICAL LOT
In accordance with Section 47AF of the Estate Agents Act 1980 please view the Statement of Information:
Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.