15/388-390 Burwood Highway, BURWOOD

Incredibly priced this ultra-modern single bedroom ground level apartment boasts a functional floor plan and private courtyard. New tenant in place until January 2023 at approximately $732.00 per calendar month - Apartment only. A car space and storage shed are on title, the car space has now been leased for an additional $70pcm.
TOTAL RETURN $802.00pcm.

Built in 2009, the building provides laundry facilities, recreation room and more. Apartments in the building return around $1,000pcm with car spaces offered separately (or with the dwelling) for an additional $80 per week. The storage unit can also be leased out separately. Approximate returns of around $16,000 per year. An estimate of outgoings are as follows: Land tax:$47.88 p.a. Rates: $305.60 pa. Water: $540.00 p a. Rental management: $1,000 pa. Owners corporation: $1,945.56 pa. TOTAL: $3,840 NOTE: Outgoings are tax deductible expenses that can be claimed in your annual tax return; please refer to your accountant. This student focused investment offers accommodation for casual, part time and full time students. Owner occupiers welcome (subject to some criteria). Located a very short walk from Deakin University, the new Burwood Brickworks Shopping Centre and offering a choice of tram or bus transport services you will further benefit from a fabulous array of nearby cafes, restaurants, shops and supermarkets and sporting fields.

Noel Jones Real Estate has taken every precaution to ensure the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.