1318/18 Mount Alexander Rd

Travancore, VIC 3032, Australia

2 bed 0 bath 1 car

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Area Price Guide

$319,600 – $360,400

Indicative price guide range

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Comparable

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$590,000

Area median

⚖️

-42%

vs median

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2 weeks ago

Listed

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About this property

Note: This property is intended solely for investment purposes and is not suitable for owner-occupancy. Situated just 3 kilometers from Melbourne CBD, the Oaks on Flemington Suites presents an outstanding opportunity for discerning investors. This apartment hotel boasts an impressive return of approximately 7%, complemented by picturesque views of Verland Park, soaring ceilings, and high-end furnishings and appliances. The property features a stylish bathroom equipped with a shower over bath, alongside ducted reverse cycle air-conditioning for optimal comfort. Residents and guests can enjoy a range of amenities, including a heated sauna, a fully equipped gym, and conference rooms, as well as BBQ gardens located on the eighth level. Currently leased to the Oaks Group until August 2027, with an option for an additional two years, this property ensures reliable returns for the astute investor. Rental Income: $25,176.24 per annum Net Return: Approximately 7% Contact Nicole D - 0497 644 071 to arrange a private inspection.