Lot 302, 40 Janefield Drive, Bundoora VIC 3083

$723 Per Week Rent.
2 Bed TK+ 2 Bath + Balconies+ Carpark
$499,500
4% increases until 2027-
Just completed refurbishments
7.53% Gross - 7.02% Net


RECEIVING: $37,613 rent pa.
Located within Uni Hill town centre and a short stroll to DFO Shopping Centre, supermarkets, local restaurants and cafes, Quest Bundoora is located in one of Melbourne's fastest growing northeast suburbs.
Approximately 20kms from the CBD, complete with tram stop nearby taking you directly to the city, the property was purpose built & completed in 2012.
Ideally located within close proximity to La Trobe University, RMIT, Funfields Water Park, Bundoora Park, Bundoora Homestead, Parade College, Northern Hospital and the Northpark Private Hospital.

A very spacious 2 bedroom, 2 bathroom twin key apartment boasting a large 93m2 in size, inlcuding 2 separate outdoor balconies.
Just completed its first refurbishment in 10 years, complete with new carpets, and fresh painting throughout , LED down lights upgrade, stone bench tops, and waterproofing and caulking to bathrooms.
Twin Key apartment with an interconnecting door providing the versatility to separate into two separate rooms dependent on bookings.
A solid investment with fantastic returns, complete with underground secure carpark and communal BBQ area.


Lease Details:
Current Rent (Aug23): $723 per week - $37,613 pa
Current Return: 7.53% Gross - 7.02% Net

Rental Increases as follows:
August 2024 + 4% = $752 pw/ 7.83% gross
August 2025 + 4%= $782 pw/ 8.14% gross
August 2026 + 4%= $813 pw/ 8.47% gross

Leased to: 26/08/2027 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2027)


**Net return is based on the listed outgoings and doesn't take into account any stamp duty, or government taxes***


Approximate Owner Outgoings:

Council Rates: $1080.00 per annum
Water Rates: $780 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $671 per annum

In accordance with Section 47AF of the Estate Agents Act 1980 please click the link to view the Statement of Information

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