$2,200,000 - $2,420,000
1-8/10 Albert Avenue, Springvale VIC 3171
Apartment
1688
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.
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.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Tim Stickley to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
16
Bathrooms:
8
Garage Spaces:
8
Property type:
Apartment
Other Details
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Block information
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Property history
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Statement of information
Section 47AF of the Estate Agents Act 1980
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Indicative selling price, median house price for the suburb and comparable sales information has been provided by the agent in compliance with Estate Agents Act 1980.
Springvale suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
37 years
Population
22,174
Listing ID: 182105683. This listing has been viewed 32 times. It was first displayed on 21/11/2023 and last updated on 29/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.