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13
Block Of Units
+ 10

1-8/10 Albert Avenue
Springvale VIC 3171

Block Of Units
16
8
8
854m2 (approx)
 
$2,200,000-$2,420,000

Agent

Tim Stickley

0484 552 870

Daniel Bustin

0410 550 811

Office Contact

Barry Plant Noble Park

03 8710 0000

BRILLIANT INVESTMENT - GREAT RETURN IN A FABULOUS LOCATION

Investors – this is a property that will definitely appeal! This entire complex comprises 8 apartments all currently leased and returning $136,760 p.a.

Current rents vary from $300pw to $350pw. With potential rental estimates in the current market conditions between $350-$370pw, this would provide an annual potential return of $145,600 - $153,920. This translates to a significant return on investment!

The apartment complex is solidly constructed and comprises 8 two-bedroom dwellings. With spacious layouts comprising separate kitchen meals area with modernized cabinetry, a comfortable formal lounge and two generous bedrooms both with built in robes.
Constructed with solid brick, this complex is as solid as a rock and very robust as a rental property with very little maintenance requirements.

Located on a great rectangular allotment of 854m2 approx., it is situated in a premiere position in Springvale, nestled in a quiet street behind the famous Springvale market, and within short walking distance to all central facilities and the station.

In this location tenants are always readily assured, providing very low vacancy and maintaining a steady and reliable income stream.

Hunting for a great rental earner or a suitable place to invest your superannuation for the future. This definitely has the ingredients that tick all the boxes.
Be sure to contact us for further information.


Photo I.D. required at all inspections.

DISCLAIMER:
The measurements provided of the land and / or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property / land / or of each room, we advise you to conduct your own measurements and / or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.

Agent

Tim Stickley

0484 552 870

Daniel Bustin

0410 550 811

Office Contact

Barry Plant Noble Park

03 8710 0000