1-12/23 Hallam Street
Quarry Hill VIC 3550
1-12/23 Hallam Street
Quarry Hill VIC 3550
1-12/23 Hallam Street
Quarry Hill VIC 3550
1-12/23 Hallam Street
Quarry Hill VIC 3550
•
Property was sold on 5 November 2018.
Sold on 5 November 2018.
24 beds
24 beds
12 baths
12 baths
12 cars
12 cars
Block of Units
Block of Units
1412m²
1412m²
24
24
12
12
12
12
•
Block of Units
Block of Units
1412m²
1412m²
For the first time in over 25 years this remarkable 12 unit complex, located only minutes from the Bendigo CBD in the ever sought after Quarry Hill area, is coming on the market. This proven solid and secure investment has been extremely well maintained and has experienced consistent and strong rental returns since its construction in 1978. The apartments are currently let for between $195pw and $210pw, with a current return of $124,280.00pa. With all units at $210, that figure would be $131,040 pa. Alternatively a move to motel/Airbnb style accommodation (stca) would allow the opportunity for this income to be increased significantly. Whilst we are selling the complex as a whole, the purchaser can have comfort in the knowledge that all the units are separately titled and require no further subdivision to be syndicated and purchased in multiple entities. There is also the flexibility to sell individually in the future. The complex provides off street, under cover parking for each apartment, as well as laundry facilities, manicured gardens and an office/storage room. Terms: 10% deposit - balance 60 days.
•
Property was sold on 5 November 2018.
Sold on 5 November 2018.
24 beds
24 beds
12 baths
12 baths
12 cars
12 cars
Block of Units
Block of Units
1412m²
1412m²
24
24
12
12
12
12
•
Block of Units
Block of Units
1412m²
1412m²
For the first time in over 25 years this remarkable 12 unit complex, located only minutes from the Bendigo CBD in the ever sought after Quarry Hill area, is coming on the market. This proven solid and secure investment has been extremely well maintained and has experienced consistent and strong rental returns since its construction in 1978. The apartments are currently let for between $195pw and $210pw, with a current return of $124,280.00pa. With all units at $210, that figure would be $131,040 pa. Alternatively a move to motel/Airbnb style accommodation (stca) would allow the opportunity for this income to be increased significantly. Whilst we are selling the complex as a whole, the purchaser can have comfort in the knowledge that all the units are separately titled and require no further subdivision to be syndicated and purchased in multiple entities. There is also the flexibility to sell individually in the future. The complex provides off street, under cover parking for each apartment, as well as laundry facilities, manicured gardens and an office/storage room. Terms: 10% deposit - balance 60 days.
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