109/8 Howard Street, Richmond, Vic 3121

THERE HAS BEEN AN OFFER TO PURCHASE THIS PROPERTY, WHICH HAS BEEN ACCEPTED BY THE VENDORS - THERE ARE CONDITIONS THAT APPLY UNTIL TUESDAY 30TH OF JULY, 2013.

New apartments in the area are becoming smaller and smaller, with many new properties being sold without a car space. If you are looking for a South Yarra location, but with a Richmond price, then this property is certainly one to put on your inspection list this week.

This large fully furnished 1 bedroom & large study apartment has been an excellent investment property for the current owners for well over 10 years. The strong rental demand, low vacancy and high yield this property offers, low outgoings give you the option to keep it as an investment property or move into it yourself.


The current tenancy ends mid August this year, however the tenant may be open to staying on and extending the lease.

THERE ARE MANY REASONS TO BUY A FURNISHED APARTMENT

- Excellent rental yield - above current mortgage rates;
- Strong demand from corporate rentals;
- Excellent depreciation benefits;
- You may wish to use the property as a city base;
- Furniture is included in the price;
- First home owners move straight in (without the need for removalists!)

The vendor is keen to sell this property ASAP, we have been told to find a buyer quickly. If you are in a position to purchase with a quick settlement this property may just be for you.


- With interest rates at 50 year record low levels;
- Banks offering 2-3 year fixed interest rates at around 5%;
- Potential Stamp duty reductions for first home buyers;
- First home owner incentives still available

Now is the time to consider starting your property portfolio, or moving away from renting and into home ownership.


WHY BUY THIS PROPERTY?

This first level apartment overlooks what will soon be transformed into a park and is set back from Church Street and away from the Freeway.

The balcony off the living room is large enough for a BBQ and 6 seat table & chairs - great for entertaining in the summer. The apartment showcases a spacious open plan living kitchen area featuring timber floors, dish washer, electric appliances and stone benches.

The master bedroom has BIR, whilst the study is easily large enough for 2 workstations. Key features include a large bathroom with shower / bath, Euro laundry cupboard with front loader washer & dryer, modern furnishings included in the price, security entrance and secure undercover parking.

THE LOCATION

The tram stops on Church Street, the bus is on Alexandra Avenue, walk to the Yarra River, Church Street shops and Chapel Street are all within a short walk from the apartment. Lifestyle, Shopping, Lifestyle, Eating Out, Lifestyle.

Investors and owner occupiers take note, this one won't last long!

- The property is offered as Vacant possession or with a tenant
- The apartment is ready to move straight in
- First time this property has been offered for over 10 years
- Furniture package is included in the price
- Strong Rental Demand
- Property comes with car space & storage
- Owner is keen to see a result in the next 30 days!

Private inspections can be arranged!