Boutique pumphouse apartment with panoramic views

$460,000-$500,000

Apartment real estate, North Melbourne VIC

The "Pumphouse" apartments are located directly opposite the North Melbourne AFL football ground. Brilliantly occupying a prime North Melbourne position and approximately 3 km from the CBD, with panoramic views from the balcony opening from living room and master bedroom, this two-bedroom, one-bathroom apartment offers you a modern kitchen that incorporates stainless steel appliances, ample cupboard space, walk in pantry, gas cooktop and a dishwasher. You will find the floor to ceiling cupboards in each bedroom a great asset.

Secure car park and storage room included.

located within University High School zone, easy access to public transport and close to parks, shops and other facilities, this apartment is perfect for an investor, first home buyer or downsizer looking for a sophisticated lifestyle. Call the agent now to enquire and arrange a private inspection of the property.

More Information

Property Overview

Category: Apartment
Details: 2 1 1
Price: $460,000-$500,000
Area: 66m2

Property Features

Balcony
Intercom
Air Conditioned

Investment Information

Gross Return: $ 28600
_{How much does the property return in rent per year.}

Net Return: $ 22000
_{How much does the property return after all management expenses are deducted.}

Yield: 5.96%
_{The percentage of the Asking Price that the property delivers in Gross Return each year.}

Guaranteed Return (PA): $ (not disclosed)
_{Some managers offer a guaranteed rental return. If applicable, this will be detailed above.}

Body Corporate Costs: $ 4440

Rates PA: $ 790

Management Fee: 5.5%
_{How much is charged as a management fee.}

Cleaning Costs (PA): $ (not disclosed)
_{Some holiday properties have cleaning and linen costs to be considered. If so, the costs may be detailed above.}

Cable and Data costs (PA): $ (not disclosed)
_{Some holiday properties are required to have foxtel and internet in order to be let. If so, the costs may be detailed above.}