Glen Waverley VIC 3150
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We can help you get the best deal from a range of lenders including large banks, key regional banks, credit unions and non-bank lenders. No stress, no fuss.
Own your own apartment complex. No Land Tax
Introducing the dynamic Micro-Apartment complex, an enticing investment venture in the heart of Dandenong. Say goodbye to Planning Permits and hello to hassle-free property development with this innovative opportunity.
As the developer, we will guide you through the process. You'll oversee your own complex of nine lettable tenancies (micro-apartments) while our dedicated team handles every aspect, from land sourcing to tenant acquisition, ensuring a seamless project completion within 18 months.
Upon finalisation, this single-titled complex yields an impressive annual return ranging from $130 -$150K pa, with a starting investment from just $1.5 million, depending on location. Notably, the complex offers substantial depreciation value, totalling approximately $800,000.
Each micro-apartment features a modern design, eco-friendly elements, and essential amenities like individual air conditioning and Wi-Fi. Managed by a qualified property manager, these tenancies secure leases for 6-12 months on average and boast an occupancy rate exceeding 98%.
With outstanding yields and flexible land supply options, including construction on your block or land sourcing via our buyers agent, investing in this micro-apartment complex in Dandenong guarantees exceptional returns minus the hassle of a planning permit.
FOR SALE
$1,600,000 - $1,770,000
Contact Better Homes and Gardens Real Estate Glen Waverley
Frank Zamani
0452 258 740
Your enquiry will be sent via e-mail to Frank Zamani at Better Homes and Gardens Real Estate Glen Waverley, who will be in touch to provide more information.
