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SOLD

11 Lancewood Avenue, Heidelberg West, VIC, 3081

Properties / Sold / Victoria / Heidelberg West

Tenanted Investment

1. Property Summary

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, Child/Healthcare, 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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2. Property 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