15/388-390 Burwood Highway, BURWOOD

Outstanding investment opportunity offering student accommodation and incredibly priced this ultra-modern single bedroom ground level apartment boasts a functional floor plan and private courtyard. A new tenant in place until January 2025 at approximately $1,173 per calendar month (the existing tenant has been there for 3 years). A car space and storage shed are included with the contract under an exclusive licence for 99 years. The car space is separately leased at $70.00 per month. TOTAL MONTHLY RETURN of $1,243.00.

Built in 2009, the building provides laundry facilities, a recreation room, and more. An estimate of outgoings is as follows: Rates: $339.00 pa. Water: $544.00 p a. Rental management: $1,000 pa. Owners’ corporation: $2,085.70 pa. TOTAL: $3,968. 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 being a casual/PT/FT student). 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, supermarkets, and sporting fields. The storage unit can also be leased out separately.

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.