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G11/48 Wellington Parade, East Melbourne, Vic 3002 For Sale

G11/48 Wellington Parade, East Melbourne, Vic 3002

Bedrooms
1
Bathrooms
1
Area
37m2
Type
Unit

Last updated on Monday, May 27, 2024

$275,000 - $300,000

G11/48 Wellington Parade, East Melbourne, Vic 3002 - More Details

$275,000 - $300,000

A fantastic option to kick-start or add to your portfolio, this apartment within the renowned Quest East Melbourne is ideal for investors looking for a securely leased property with guaranteed returns, all within strolling distance to Melbourne's impressive array of inner-city attractions.

This spacious level one serviced apartment on Wellington Parade receives an impressive annual rental of approx. $22,464 per annum until August 2027, with four (4) further terms of five (5) years each. In addition, there are fixed 4% annual rental increases every 12 months.

- $22,464 per annum with 4% annual rent increase
- Market rent review - every 5 years
- Upto 8% ROI with long-term lease


TENANT PAYS:
Owners Corporation Admin Fees
Water Usage

OWNER PAYS:
Owners Corporation Maintenance Fee
Council Rates
Water Rates


Exciting Investment Opportunity in sought-after East Melbourne! Embrace the vibrant essence of East Melbourne with its lush parks, eclectic restaurants, cozy cafes, trendy shopping outlets, convenient transport links, and captivating entertainment options, all just moments away from your doorstep.

This remarkable investment property offers a hassle-free, set-and-forget experience, boasting a secure long-term lease and a lucrative return guaranteed for years ahead.

DO NOT miss an opportunity like this! Get in touch now!
Sean Cho: 0435 944 942
Type
Unit
Bedrooms
1
Bathrooms
1
Area
37m2

Price guide

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G11/48 Wellington Parade East Melbourne VIC 3002

Property FAQs

What is the current asking price for the G11/48 Wellington Parade, East Melbourne, Vic 3002?

Bow Residential has not listed a sale price for G11/48 Wellington Parade, East Melbourne, Vic 3002. Contact the agent for a price guide.

How many bedrooms does the property listed G11/48 Wellington Parade, East Melbourne, Vic 3002 feature?

G11/48 Wellington Parade, East Melbourne, Vic 3002 is a 1 bedroom Unit.

What are the standout features of the G11/48 Wellington Parade, East Melbourne, Vic 3002?

Explore all key property features for G11/48 Wellington Parade, East Melbourne, Vic 3002. Click here to find out more.

What is the total land area and built-up area of the G11/48 Wellington Parade, East Melbourne, Vic 3002?

The total land area and built-up area of the G11/48 Wellington Parade, East Melbourne, Vic 3002 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the G11/48 Wellington Parade, East Melbourne, Vic 3002?

There were no car spaces found on the listing for G11/48 Wellington Parade, East Melbourne, Vic 3002.

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