G17/1728 Dandenong Road, Clayton VIC 3168

Including up to $10,000 of furnishings

This fantastic opportunity is perfect for the savvy investor looking to secure a one bedroom student housing only apartment that is being sold fully furnished & comprising of a galley kitchen, gas cooktop & clever use of cupboard space, bedroom with built in wardrobe, built in study nook, open plan living room, central bathroom & toilet, as well as access to a large communal laundry & T.V. & lounge entertaining area downstairs for all the students to utilise.

Potential Rental $250 -$270 pw

Rent in 2021 = $270 x 52 = $14,040

Purchase price = $175,000

Mortgage is 100% = $175,000 @ say 5% = $8,750

ROI = 14.076 (1173.00 x 12) / 175,000 = 8.02%

Positive Cash Flow = Rent - Mortgage = 14,040 - 8,750 = $5,290

(These calculations are not audited or considered to be accurate, but it is advised that prospective BUYERS are asked to do their own due diligence and satisfy themselves for their own situations.)

The building is approx.. 8 years old, opposite Monash University Clayton Campus, managed by Student Housing Australia.

Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist