Broadmeadows, VIC

FOR SALE
$1,600,000

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Sample Nine Micro Apartment Complex in Melbourne - Cost Circa $1.8 million, Income Circa $130K

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Introducing the exciting Micro-Apartment complex, a remarkable investment opportunity in Melbourne that eliminates the need for a Planning Permit.

You are the developer of your own complex, comprising nine lettable tenancies (micro-apartments). At the same time, we handle all the work, ensuring a seamless project from land sourcing to tenant acquisition within 18 months.

Upon completion, this single-titled complex of nine micro-apartments generates an impressive annual return of approximately $120 -$140K pa. Your total investment can range from just $1.5 million, depending on the location.

Notably, the total depreciation value from this complex amounts to around $800,000.

Each micro-apartment features an ensuite, bedroom, living area, and private outdoor space. Built with modern design elements and eco-friendly features, these apartments also include individual air-conditioning, Wi-Fi, and other amenities.

To maximise convenience, a qualified property manager oversees the individual leasing and management of the tenancies, typically for 6-12 months. With an average occupancy rate surpassing 95%, these micro-apartments offer an exceptional income-producing investment property option.

One key advantage of such a complex is the excellent yields it generates. The income and yield from a single complex greatly surpass what a single-let property in the same area could achieve.

Land supply options are flexible— we can construct on your block, you can source the land yourself, or have our buyers agent source one for you. The best part is that a micro-apartment complex can be built on a standard residential block of land in any Melbourne suburb without a planning permit. Thus, the land cost remains comparable to a typical house block.

Here are more advantages that make these complexes great investments:

- There is substantial demand for these affordable tenancies, often leading to immediate occupancy within days.
- Micro-apartments appeal to a diverse range of tenants, including young professionals seeking affordable alternatives to hotels and Airbnb accommodations.
- Substant tax depreciation benefits are available thanks to the fixtures and fittings.
- With nine separate leases, the departure of one tenant does not disrupt cash flow, as up to eight rents continue until a suitable replacement is found.

Please note that these projects are customised to your preferences. You can choose your level of involvement during the design and build process. Alternatively, you can entrust most responsibilities to us while approving our recommendations. Rest assured; our experienced builder guarantees exceptional results.

Feel free to contact us with any inquiries or schedule a consultation to further explore this exciting investment opportunity.

Property Features

  • Carspaces
    6
Better Homes and Gardens Real Estate Melbourne Invest

6/55-59 Moor Street
Fitzroy VIC 3065

Broadmeadows, VIC

FOR SALE
$1,600,000

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