Ready to settle and now discounted below valuation!

 

Yields of 5% gross or more, price drops of up to 10%.

You don’t see this often and with supply drying up you likely won’t see it again! The developer needs to sell so buyers can take advantage with new price drops, which are below recent valuations.

You cannot beat this $/sqm rate!!

  • Communal area including spacious lawn and dining hang-outs, and an outdoor pool for the warm spring/summer months
  • Luxury inclusions and finishes, 2.7m ceiling height, exposed concrete ceilings
  • Yields over 5% based on new pricing 
  • Vacancy rate 1.6%
  • Completed. Ready to be tenanted.
  • Subject to finance
  • 2 bed 2 bath, 1 car from $595,000
  • Recent price drops up to 10%
  • Discounted below finance valuations we have had completed 
  • 5.4 km of West of Melbourne CBD
  • 350m from Train Station
  • Footscray market 850m away
  • Victoria University Footscray Nicholson Campus 400m away.
  • The new Footscray Hospital only 1.6km from ‘Ovation’ – $1.5 billion redevelopment, the largest ever health infrastructure investment in the state that will transform the Footscray area with new jobs and increase in demand for housing (https://www.vhba.vic.gov.au/health/hospitals/new-footscray-hospital)
  • Victorian Government has committed $26 billion of infrastructure investment by 2026

Example Plan
West facing overlooking communal area and pool 
$660,000 original price
New price $598,000
77sqm + 10sqm 
$7,766/sqm (based off internal only)
2 bed, 2 bath, 1 car
Rental guide $600pw

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DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.