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Description

My Loss is your Gain

Only a few months young this lovely home is sadly being abandoned by its owner, presenting the opportunity for a savvy purchaser to achieve an immediate capital gain.

Formerly used as a display by the developer, the apartment has a superior floor plan and finishes, yet the Owner’s Corporation Fees are low. As the market for units emerges from the post-pandemic blues the future here is looking extremely rosy.

No, you won’t struggle to find a tenant right now because there is already one, paying a very respectable rent until the end of January 2022. By then, the recovery will be complete and you will easily see your cash flow surge 30% or more, back to pre-pandemic levels. Or, if you prefer even higher returns, you can go the short-stay way. We are happy to pass on an appraisal from one of Australia’s leading corporate accommodation providers which will leave you in no doubt as to what an astute investment this represents.

Make no mistake, we are talking about a blue-chip property in one of Australia’s most blue-chip suburbs which can be acquired well below current Council Valuation, as can be seen in the Section 32. With the market on the rise and smart investors already well and truly active, opportunities like this one won’t be easily found again. The vendor is keen and will consider any reasonable pre-auction offer.

Updated on May 5, 2021 at 2:55 pm

Additional details

Address

  • Address: 101/42-48 Claremont Street, South Yarra
  • City: Melbourne
  • State/county: Victoria
  • Zip/Postal Code: 3141
  • Country: Australia

Contact Agent

Massimo Andrighetto

Contact Agent

  • Massimo Andrighetto
  • 0402 578 330
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