Lot 7/7 Feehan Avenue, Moonee Ponds VIC 3039

Situated directly opposite Moonee Valley Racecourse, and only a short stroll to the vibrant retail, dining and cafe precinct of Puckle Street, this large 2 bedroom apartment boasts location, and size.

Under long term lease with Quest Apartment Hotels, this front facing apartment within a small boutique complex, directly overlooks the $2 billion redevelopment well under way at Moonee Valley racetrack.

Boasting a sizeable 74.6 m2 floor area, this front facing 2 bedroom, 2 bathroom apartment enjoys views directly facing Moonee Valley racetrack complex and the new entertainment/ dining precinct.
Open plan living with lounge room, dining area and kitchen opening to outdoor entertainment terrace.
The apartment features two bathrooms with full ensuite to master, and european style seperate laundry. The Complex has secure gated parking (on title), an inground swimming pool, communal BBQ gazebo area and conference room facilities onsite.
A location that cannot be ignored for investors!!

Lease Details:
Current Rent : $644 pw - $33,523 pa (As of March -CPI Increase)
Return: 7.14 % Gross - 6.31%- Net

Increases on the lease rental as follows:
MARCH 2024 +CPI
MARCH 2025 + CPI
MARCH 2026- MARKET REVIEW

Leased to: 05/03/2026 plus 6 x 5 Year options
**Net returns do not include capital works or additional expenses associated with property ownership.

Approximate Owner Outgoings:

Council Rates $1186.00 per annum
Water Rates: $ 580.00 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $2200 per annum

The project will deliver a world-class racing facility which combines residential, retail, commercial and lifestyle, cafe/ restaurant precinct.

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


PLEASE NOTE:
THIS APARTMENT WILL BE DUE FOR KITCHEN AND BATHROOM UPGRADES THIS TERM,
PLEASE PHONE FOR MORE INFORMATION

SOME IMAGES MAY BE GENERIC AND OF AN IDENTICAL LOT

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