169 Chapel Road, Flat Bush
- This location has been autonomously mapped, it may not be exact.
Is it a bulletproof rental income you are looking for? With guaranteed rent from a Government-funded, Community Housing Provider, these investments are perfect to weather the storm. This opportunity at 169 Chapel Road is the true definition of a passive investment.
Whole floor investments, completed in September 2021. The complex consists of 15 units across 5 buildings (three units per building), and each unit is a whole floor comprising five studio rooms all with ensuites, plus its own communal kitchen, laundry, and lounge facilities.
Strong tenant covenant supported by a 9-year lease term to a well-established property management company and subleased to a Government-funded Community Housing Provider.
Well-situated in a strategic location surrounded by popular amenities including the next-door Buddhist Temple and the nearby brand new Ormiston Town Shopping Centre, schooling and public facilities highlight the strong fundamentals of this high growth location.
With a guaranteed initial net rent of approx. $83,447 + GST per annum, there is an opportunity here to secure a true, handsfree, cashflow machine.
Call our agent today to run through the numbers together.
Facts & Features
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).