31/502-512 Princes Highway, Narre Warren, Vic 3805

For Investors Only – Not Suitable for Owner-Occupiers

This spacious 3-bedroom, 2-bathroom apartment presents a fantastic investment opportunity, located just minutes from Westfield Fountain Gate Shopping Centre and a variety of local amenities.

The Monash Freeway is just around the corner, providing direct access to the city in under 40 minutes. For those relying on public transport, Narre Warren train station is within walking distance, and a bus stop is conveniently located right outside the property.
Current Rent: $2,195.61 per month ($26,347.32 per annum)
Gross Rental Return: 8.23% per annum
Rent Increases: 4% annually, ensuring consistent growth
Current Lease Term: 2010–2030 (with 4 x 5-year options), with the third term renewing on 01/07/2025
Minimal Owner Outgoings:
Council Rates: Paid by Quest
Water Rates: Paid by Quest
Body Corporate Admin Fees: Paid by Quest
Guests can enjoy a comfortable, home-away-from-home experience in the heart of Narre Warren, with access to a range of on-site facilities, including an outdoor swimming pool, alfresco barbeque area, and a conference room.

Recently refurbished, this property is presented in pristine condition, offering a welcoming and modern environment for guests.

Managed by Quest, one of Australia’s leading serviced apartment operators, this property benefits from their high standards of quality and exceptional attention to detail. Its excellence is reflected in its recognition with the Trip Advisor Certificate of Excellence in both 2014 and 2015.

Photo ID required at all open for inspections.

Disclaimer: We have in preparing this document used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist