501/157 Lonsdale Street

INVEST OR LIVE IN Continue with existing hotel lease, or remove with 30 days notice and occupy or lease privately. Neat tidy investment- rents paid regardless of occupancy. Low maintenance with very low outgoings. Located conveniently in the heart of Dandenong CBD, Central Apartments are within walking distance of the main shopping plazas and just minutes from the renowned Dandenong Market, Drum Theatre, and restaurants. With its positioning close to : Dandenong Hospital, main medial facility in the southeast. Dandenong Valley Private Hospital and close to Dandenong South, a massive employment hub and home to major industrial estates, attracting large-scale businesses and corporate travellers. Entry level investing, with The hotel tenant paying nearly all outgoings, and a location that attracts both business and leisure. Neat tidy One bed studio apartment 27m2 in size with One bathroom common ground carparking in building. Lease details: Current Rent: $14,183 per annum, $272 per week Increases as follows: Nov 2026 + CPI % increase Nov 2027: Market Review Return Gross: 7.88% Net: 7.62% Lease Term: to 30 October 2027 with 3 x 3 years renaming. Approximate outgoings (as per lease): Council Rates: Payable by Tenant Water Rates: Payable by Tenant Owners Corporation Admin Levies: Payable by Tenant Owners Corporation Maintenance/Capital Levies: $460 per annum. For more information please phone Mandy Fountain on 0408 10 30 10. Disclaimer. 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