135 Victoria Street, City Centre
- This location has been autonomously mapped, it may not be exact.
135 Victoria Street, City Centre
$379,000
Income GENERATOR!
If it's cashflow you're looking for with an obvious upside too...you don't need to look further.
Coming fully furnished and offering immediate rental income of $550 per week. It doesn't get much easier than this.
This well-designed apartment provides a sense of privacy with separated bedrooms, a feature that consistently attracts higher rental yields.
Low annual outgoings, including a body corporate fee of approximately $2500 and rates of around $1450 means...That's right, an income after costs of almost $25,000! For this price!!
Located in a building nearing the completion of an extensive remediation project, you can look forward to increased value once the CCC is issued. Essentially, you're acquiring a nearly new building at quite a discounted rate.
A vendor who has other plans and wants to spread his cash across multiple other investments has decided that although the apartment has served him brilliantly, it's time to move onto the next rather than wait for the extra value to come over the next 6 months.
Situated on Victoria Street, which is getting a massive new look with a greenway from Victoria Park to Albert Park. With the first section of this almost complete close to Albert Park, you can quite literally see the future and understand where the values will be moving.
Proximity to the convention center too means there is a commitment to this whole area getting a serious overhaul in the next year or two.
So we have on offer an apartment that is generating close to $25,000 per year...is front and center to millions, if not billions of dollars being spent on upgrading the exact area...while it's due to get a brand new code of compliance, giving the new owners a sense of safety and security for the next 10 years ahead.
Get in touch for a private viewing.
Note: The chattels in the photos may vary from what is being sold; please check the chattels list if this is important to you.
Facts & Features
Title Type
Freehold
Rates
$1459.74
Rental Appraisal
$560-$610 /week
Estimated Net ROI
6.88%
Pets
Allowed with BC Consent
Hayden Peters
Chris Turnbull
Disclaimer: Apartment Specialist are often asked to give information as to the area or dimensions of properties, including rooms, decks and patios. Apartment Specialists sources such information from third party sources (for example Council records, building management records) and passes this on; unfortunately it is not uncommon for such information to be inaccurate. If exact and accurate sizes or dimensions is an important factor in your decision then you as Purchaser must make your own independent enquiry from your own chosen expert (for example a registered valuer).
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