26/7 Feehan Avenue

2 Kitchens, 2 bathrooms, Balcony and Carpark. $701 per week rent with increases until 2031. Dual Key Configuration- Can be separated into a One bedroom + Separate Studio- Or fully open to a 2 bedroom, 2 bathroom with 2 Kitchen apartment! Under Long Term Lease with Quest Apartments; No management or letting fees. No Owners corporation building insurance or Owners corporation Admin levies. Current Rent : $701 per week - $36,500 pa Return: 7.73% Gross - 6.60%- Net Increases as follows: MARCH 2027 + CPI INCREASE MARCH 2028 + CPI INCREASE MARCH 2029 + CPI INCREASE MARCH 2030 + CPI INCREASE MARCH 2031 - MARKET REVIEW Leased to: 05/03/2031 with 5 x 5 year options 2 BED, TWIN KEY, 2 KITCHENS + 2 BATH + BALCONY + CAR PARK ON TITLE Situated directly opposite Moonee Valley Racecourse, and only a short stroll to the vibrant retail, dining and cafe precinct of Puckle Street, this large 2 bedroom interconnecting apartment boasts location, and size. Within a small boutique complex, directly overlooking the $2 billion redevelopment well under way at Moonee Valley racetrack. The project will deliver a world-class racing facility which combines residential, retail, commercial and lifestyle, cafe's/ restaurant precinct. Only a mere 8km to Melbourne CBD, 7km to Essendon Airport & 15 km to Melbourne Airport, and a location that cannot be overlooked! Just completed a major refurbishment and boasting a large 89.2 m2 internal floor area plus balcony, this 2 bedroom, 2 bathroom twin key apartment has an enviable address directly opposite Moonee Valley Racetrack and entertainment complex. New cabinetry to 2 x kitchens ( main and kitchenette) and full refurbishments to both bathrooms throughout, stone benchtops, new tiling, new tapware etc, the property offers investors a chic brand-new fit out with no costly upgrade expenditure. Apartment can be split and separated to a one bed + studio, or reoponed to complete 2 bed 2 bath. The studio features a second kitchenette. Outdoor entertainment terrace, secure gated parking (on title), an in-ground swimming pool, communal BBQ gazebo area and conference room facilities onsite offering investors strong returns. !! Outgoings: Council Rates: $1256 per annum Water Rates: $740 per annum Owners Corporation Maint levy: $3317 per annum Owners Corporation Admin Levy: Paid by hotel Please note some images may be generic and of an exact same apartment. Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.