310/40 Janefield Drive

RECEIVING: $42,308 rent pa. Located within Uni Hill town centre and a short stroll to DFO Shopping Centre, supermarkets, local restaurants and cafes, Quest Bundoora is located in one of Melbourne's fastest growing northeast suburbs. Approximately 20kms from the CBD, complete with tram stop nearby taking you directly to the city, the property was purpose built & completed in 2012. Ideally located within close proximity to La Trobe University, RMIT, Funfields Water Park, Bundoora Park, Bundoora Homestead, Parade College, Northern Hospital and the Northpark Private Hospital. Lease Details: Current Rent (Aug 2026): $813 per week - $42,308 pa Current Return: 8.05% Gross - 7.50% Net Rental Increases as follows: August 2027 + 4%= $845 pw/ | $44,000 pa - 8.38% gross Leased to: 26/08/2027 plus 4 x 5 Year options Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2027) Net return is based on annual outgoings listed below- does not include stamp duty, or government taxes A very spacious 2 bedroom, 2 bathroom twin key apartment boasting a large 93m2 in size, including 2 separate outdoor balconies. Just completed its first refurbishment in 10 years, complete with new carpets, and fresh painting throughout , LED down lights upgrade, stone bench tops, and waterproofing and caulking to bathrooms. It presents like new! Twin Key apartment with an interconnecting door providing the versatility to separate into two separate rooms dependent on bookings. A solid investment with fantastic returns, complete with underground secure carpark and communal BBQ area. Please see floor plans and links for further information. Approximate Owner Outgoings: Council Rates: $1,400 per annum Water Rates: $880 per annum Body Corporate Admin Fee: Paid by tenant Body Corporate Maintenance Fund: $680 per annum 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.