Positioned in the heart of Bendigo C.B.D… This newly fitted out 2 bedroom apartment is one of 4 stunning dwellings located in one of the fewest and finest Art Deco buildings in the city, showing the best residential return on our books! Currently used as serviced accommodation tried and tested currently rented @ $650 per week or higher on a nightly basis the property has returned $46,369 over the past 20 months. Do the maths, based on a purchase price of $350,000 this equates to a gross annual return of approximately 8%, the challenge is to find a higher return in location where historically capitol growth is the best, and just a stones throw from the new Bendigo Bank head office building.
The multi level top floor apartment at the rear of the building includes 2 bedrooms with B.I.R’s, sparkling 2 way modern bathroom with corner spa, European laundry, r/c heating and cooling, and an open plan kitchen/meals and living area. Upstairs incorporates the second living space and balcony overlooking Bendigo city. Top quality fittings and fixtures are evident throughout the modern contemporary fit out.
Remarks: If you have been looking for an investment with a proven track record and feel like you are being priced out of residential investment properties in your area…this could be the affordable blue chip investment for you. Click on multi media links to see the interactive floorplan and walkthrough tour.
($360,000 FURNISHED)