Private Sale $279,000
101/48 Wellington Parade, East Melbourne VIC 3002
Apartment
11
Block size: 768 m² approx.
INVEST IN STYLE & CONVENIENCE
Under long term lease with Quest Apartment Hotels, this spacious studio is located in the highly sought-after suburb of East Melbourne. Situated on Wellington Parade, this blue chip investment offers convenient access to the bustling city centre and a range of amenities including:
- Kitchenette
- Sitting/dining with inbuilt study desk
- Ensuite bathroom
- Heating & cooling
- Rooftop terrace with 360-degree views
- BBQ area
- Laundry facilities on-site
- Around 27sqm of living space
This property offers great rental returns at $340 per week making it an attractive investment opportunity. Ideally positioned metres from public transport, MCG, Rod Laver Arena, AAMI Park and more.
Lease Terms & Details:
Current rent $340 per week, $17,728 per annum
Lease to 5th August 2027 with 3 x 5-year options. Rent Increases: 4% Increases yearly with market rent reviews every 5 years (next due August 2027)
Owner Outgoings:
Council Rates: $1,109 pa approx.
Water Rates: $1,200 pa approx.
Body Corporate: $1,200 pa approx.
Contact Chaise Priestley for more information and to register your interest now.
Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.
The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.
- Kitchenette
- Sitting/dining with inbuilt study desk
- Ensuite bathroom
- Heating & cooling
- Rooftop terrace with 360-degree views
- BBQ area
- Laundry facilities on-site
- Around 27sqm of living space
This property offers great rental returns at $340 per week making it an attractive investment opportunity. Ideally positioned metres from public transport, MCG, Rod Laver Arena, AAMI Park and more.
Lease Terms & Details:
Current rent $340 per week, $17,728 per annum
Lease to 5th August 2027 with 3 x 5-year options. Rent Increases: 4% Increases yearly with market rent reviews every 5 years (next due August 2027)
Owner Outgoings:
Council Rates: $1,109 pa approx.
Water Rates: $1,200 pa approx.
Body Corporate: $1,200 pa approx.
Contact Chaise Priestley for more information and to register your interest now.
Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.
The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Chaise Priestley to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
1
Bathrooms:
1
Property type:
Apartment
Block Size:
768 m²*
Other Details
Lot:
101
Plan:
PS549500
Legal description:
101\PS549500
Maps and area information
Block information
Block size: 768m² (approx)
Legal description: 101\PS549500
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Nearby sales
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We found 50 apartments with 1 bedrooms that just sold near 101/48 Wellington Parade East Melbourne
Property history
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Statement of information
Section 47AF of the Estate Agents Act 1980
Download Statement of Information
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.
East Melbourne suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
4,896
Listing ID: 182035136. This listing has been viewed 149 times. It was first displayed on 26/10/2023 and last updated on 25/01/2024.
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.