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Flat
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for sale
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New
Set and Forget!
Bulla, Hume
· 24 Bedrooms · 12 Baths · Flat
Bulla, Hume · 24 Bedrooms · 12 Baths · Flat
A fully leased portfolio of 12 two bedroom apartments at 3 Carmichael Street, in the heart of West Footscray. Offered as one line, each apartment is separately titled, and the whole block is leased to a single tenant for $293,280 per annum net until 2029, with 3% fixed annual increases built into the lease. For an investor, that means secure, locked-in income from day one that grows every year, in one of Melbourne's most sought-after inner west suburbs. With one tenant across all 12 apartments, there is one lease, one rent payment and none of the turnover or vacancy risk of managing 12 separate tenancies. The block has been well maintained by its long-term owners, making it about as hands-off as an investment of this size can get. Every apartment sits on its own title, which is rare for a block of this size and gives a buyer genuine flexibility. Hold the whole block as a set-and-forget income stream, or refurbish over time and sell individual apartments. With income secured and rising
A fully leased portfolio of 12 two bedroom apartments at 3 Carmichael Street, in the heart of West Footscray. Offered as one line, each apartment is separately titled, and the whole block is leased to a single tenant for $293,280 per annum net until 2029, with 3% fixed annual increases built into the lease. For an investor, that means secure, locked-in income from day one that grows every year, in one of Melbourne's most sought-after inner west suburbs. With one tenant across all 12 apartments, there is one lease, one rent payment and none of the turnover or vacancy risk of managing 12 separate tenancies. The block has been well maintained by its long-term owners, making it about as hands-off as an investment of this size can get. Every apartment sits on its own title, which is rare for a block of this size and gives a buyer genuine flexibility. Hold the whole block as a set-and-forget income stream, or refurbish over time and sell individual apartments. With income secured and rising
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