Werribee, VIC

FOR SALE
$1,400,000

×

QUICK LOAN CALCULATOR

Purchase Price $0
Deposit $0

Loan Amount $0
Monthly Repayment $0

Total Repayments $0
BHGRE Home Loans

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.

Disclaimer: This calculator does not include any taxes, fees, duties or levies. Before deciding on a loan product, you should seek independent financial advice from an a licensed financial adviser.

Develop and own an apartment complex of nine apartments for less than $200,000 each.

9 9 6

Share This Property

You're the developer of your own complex comprising nine lettable tenancies (micro-apartments) while we do all the work.

When completed, nine micro-apartments on one title will return circa $130,000 p.a. Your total investment can range between 1.4 to 1.8 million, depending on the location.

Each range in size from 24 to 28 m2 and comes with its own ensuite, bedroom and living area, plus a private outdoor space. The buildings are eco-friendly and built with modern design aspects, and micro-apartments have individual air-conditioning, Wi-Fi and other features.

The tenancies are individually let and managed by a qualified property manager and come with a Rent Guarantee. This means you will always receive at least 75% of the income the property generates when fully tenanted. Tenancies are typically 6-12 months, and the average occupancy rate is well over 90%. This rent guarantee means your property manager has a direct financial stake in the success of your complex. You enjoy predictability regarding the expected cash flows, delivering a genuinely stress-free and profitable investment.

These complexes are a great investment opportunity and one of the best income-producing investment property options.

A key advantage of a complex like this is the incredible yields they produce. The income and yield from one complex are considerably higher than a single let property in the same area could achieve.

We assist you in finding a suitable block of land for your project and importantly they can be built on a standard residential block of land. This means the land cost is no more expensive than a typical house.

Some other advantages that make these complexes great investments:
- There is a massive demand for these affordable tenancies, and they are often rented within a few days.
- A range of tenants they appeal to, everyone from young professionals to people who find them a more affordable alternative to hotels and Airbnb; think of an employee with an
accommodation allowance; they can spend $300 a night or live in a micro-apartment for $300 a week.
- Due to the fixtures and fittings, huge tax depreciation benefits are available.
- Nine separate leases, so if one tenant vacates, there are still up to eight rents coming in until a suitable new tenant is found.

Please note - these projects are built to measure for you; they are not built already and available for sale. They deliver such a positive cash flow that completed complexes are rarely sold.
During the design and build process, you can be as involved as you wish; it's your property, after all. Or you can be hands-off and leave it primarily to us and sign off on our recommendations. After all, our builder is vastly experienced at delivering exceptional results.

Contact us with any questions or to book a consultation to discover more about this exciting investment.

Property Features

  • Carspaces
    6
Better Homes and Gardens Real Estate Melbourne Invest

6/55-59 Moor Street
Fitzroy VIC 3065

Werribee, VIC

FOR SALE
$1,400,000

Contact Better Homes and Gardens Real Estate Melbourne Invest
Michael Sloan  0417 577 597