HUGE potential 9+% return p/a for these two one bedroom apartments

106/484 Elgar Road, Box Hill, 3128

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198,000 AUDEst. Mortgage: AUD 1,391/monthFor Sale
  • Ownership Type House
  • Property Area 595 sqft
  • Bedrooms 1
  • Bathrooms 1
  • Furnished No
  • Last Updated 3rd Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Garage: 1

Property Overview

Take advance of secure tenants paying a sizable return for your investment. This student only apartment building with security entrance and footsteps away from Box Hill Institute, Box Hill Central, Box Hill Gardens, Box Hill train station, the No.109 tram and the No.281 bus for a direct commute to Deakin University, it's an amazing opportunity to secure an outstanding investment property with an attractive rental return.

Comprising spacious open-plan living with a well-appointed kitchen, private balcony, modern bathroom, heating/cooling, broadband internet access (wireless ready) and an onsite communal laundry.

Close to Westfield Shoppingtown, Box Hill Hospital, the popular Koonung Creek Trail and the Eastern Freeway, invest with confidence.

If you're an investor chasing smart returns, this is your opportunity to purchase two partially furnished one-bedroom apartments that are currently leased and achieving $2,600 per month. Doing the numbers will see you archive a potential return on investment in excess of 9% p/a. If you borrow to purchase this property you will instantly have a cash positive investment.

Set within a student-only apartment building with security entrance and footsteps away from Box Hill Institute, Box Hill Central, Box Hill Gardens, Box Hill train station, the No.109 tram and the No.281 bus for a direct commute to Deakin University, it's an amazing opportunity to secure an outstanding investment property with an attractive rental return.

Comprising spacious open-plan living with a well-appointed kitchen, private balcony, modern bathroom, heating/cooling, broadband internet access (wireless ready) and an onsite communal laundry.

Close to Westfield Shoppingtown, Box Hill Hospital, the popular Koonung Creek Trail and the Eastern Freeway, invest with confidence.

We have a very motivated vendor that is wanting the property to be sold which is why we will be auctioning both one bedroom apartments as a package. Both 301 / 490 Elgar Rd Box Hill and and 106 / 484 Elgar Rd Box Hill are for sale.

Location on Google Map

106/484 Elgar Road, Box Hill, 3128

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