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11 Lancewood Avenue, Heidelberg West, VIC, 3081

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11 Lancewood Avenue, Heidelberg West, VIC, 3081

Heidelberg West

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11 Lancewood Avenue, Heidelberg West, VIC, 3081

Heidelberg West

SOLD
11 Lancewood Avenue, Heidelberg West, VIC, 3081

11 Lancewood Avenue, Heidelberg West, VIC, 3081

Properties / Sold / Victoria / Heidelberg West
Tenanted Investment
Selling Method
EOI
Selling Details
Closing on Wednesday 1st November at 3pm
Land Area
591 m² (*approx)
Floor Area
270 m² (*approx)
Property Type
Other, Health/Medical, Hotel/Leisure
Sub-type
Block of Units / Flats
Terms
Three (3) year lease - commenced April 2023
Est. Income
$138,000 p/a
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ROOMING HOUSE LEASED TO REGISTERED NDIS PROVIDER
  • Circa 7% Yield
  • Securely Leased, Purpose Built Facility
  • Excellent Depreciation Benefits

Aston Commercial are pleased to offer 11 Lancewood Avenue, Heidelberg West For Sale by Expressions of Interest closing on Wednesday 1st November at 3pm.

Key property attributes include:

• Securely leased to registered NDIS provider

• Annual rent of $138,000 + Outgoings

• Three (3) year lease - commenced April 2023

• One (1) further term of three (3) years

• 4% annual increases

• Nine (9) fully self-contained rooms with high quality amenities

• Total land area of 591 sqm*

• Excellent depreciation benefits

• Low-maintenance, high-yielding investment opportunity

• Brand new, purpose built rooming house facility

This rare, brand-new rooming house comprises 9 fully self-contained bedrooms and benefits from a secure lease to a nationally registered NDIS provider.

Rooming house investments present one of the most in-demand and sought after assets in the market and are due to be strengthened by the lack of available residential accommodation that offers immediate proximity to the CBD.

Contact the agents from Aston Commercial to discuss this opportunity further.

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

11 Lancewood Avenue Investment Summary

Property Type
Other, Health/Medical, Hotel/Leisure
Sub-type
Block of Units / Flats
Est. Income
$138,000 p/a
Terms
Three (3) year lease - commenced April 2023
Land Area
591 m² (*approx)
Floor Area
270 m² (*approx)
Selling Method
EOI
Selling Details
Closing on Wednesday 1st November at 3pm

Investment Highlights

ROOMING HOUSE LEASED TO REGISTERED NDIS PROVIDER
  • Circa 7% Yield
  • Securely Leased, Purpose Built Facility
  • Excellent Depreciation Benefits

Aston Commercial are pleased to offer 11 Lancewood Avenue, Heidelberg West For Sale by Expressions of Interest closing on Wednesday 1st November at 3pm.

Key property attributes include:

• Securely leased to registered NDIS provider

• Annual rent of $138,000 + Outgoings

• Three (3) year lease - commenced April 2023

• One (1) further term of three (3) years

• 4% annual increases

• Nine (9) fully self-contained rooms with high quality amenities

• Total land area of 591 sqm*

• Excellent depreciation benefits

• Low-maintenance, high-yielding investment opportunity

• Brand new, purpose built rooming house facility

This rare, brand-new rooming house comprises 9 fully self-contained bedrooms and benefits from a secure lease to a nationally registered NDIS provider.

Rooming house investments present one of the most in-demand and sought after assets in the market and are due to be strengthened by the lack of available residential accommodation that offers immediate proximity to the CBD.

Contact the agents from Aston Commercial to discuss this opportunity further.

Remember to mention you found this property on CommercialReady

Read More

Property Location of 11 Lancewood Avenue, Heidelberg West, VIC, 3081

Property Map
11 Lancewood Avenue, Heidelberg West, VIC, 3081 Heidelberg West
Aston
Aston
Level 15, 627 Chapel Street, South Yarra Vic 3141
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