Lot 28, 7 Feehan Avenue, Moonee Ponds VIC 3039

An opportunity to secure a blue chip two bedroom, 2 bathroom apartment in the heart of Moonee Ponds, walking distance to puckle street, and directly opposite the Moonee Valley race track.

A front facing apartment within a small boutique complex, directly overlooking the $2 billion redevelopment well under way at Moonee Valley racetrack. The project will deliver a world-class racing facility which combines residential, retail, commercial and lifestyle, cafe/ restaurant precinct.

*** UNDER LONG TERM LEASE WITH QUEST APARTMENT HOTELS***

CURRENT Rent: $31,092 pa ( $598 pw) until March 2023

Scheduled CPI increases as follows:
March 2023 + CPI % increase to rent
March 2024 + CPI % increase to rent
March 2025 + CPI % increase to rent
March 2026 Market Review

4 x 5 year options remaining.

6.64% gross and 5.67% Nett.

Boasting a sizeable 90m2 floor area, this front facing 2 bedroom, 2 bathroom apartment enjoys views directly facing Moonee Valley racetrack and the new entertainment/ dining precinct.

It features a large open plan main living and dining room, full ensuite to master, entertainers terrace and fully equipped kitchen.

The Complex has secure gated parking (on title), an inground swimming pool, communal BBQ gazebo area and conference room facilities onsite.

Only a mere 8km to Melbourne CBD, 7km to Essendon Airport & 15km to Melbourne Airport, an location that can not be overlooked!

Outgoings:
Council Rates $1186.00 per annum
Water Rates: $ 980.00 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $2500 per annum


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