Introducing a rare gem in student accommodation: a property with a basement car park on the title deed!

Leased until 29 December 2024 at $14,856 P.A. The carpark could also be leased for around $2,400 P.A. = $17,256.

*The rent is expected to increase to around $16,900 in 2025, plus the carpark rent of $2,600 = $19,500 P.A

Situated in a prime location, this student accommodation apartment presents a compelling investment opportunity, poised to yield consistent rental returns as students continue to flock back to the country. Currently unoccupied, this property is a blank canvas waiting to be claimed. With strong immigration growth and OS students coming to the country to study in droves, rents are expected to continue to increase in the foreseeable future!

Perched on the third floor, this apartment offers urban vistas that overlook the lush suburbs, providing a refreshing view for occupants to enjoy during their study breaks. Tailored for student living, it boasts a fully functional kitchen with a gas cooktop, abundant storage, and sleek stainless steel appliances, including a microwave and dishwasher. The living room seamlessly opens up to a private balcony, enhancing the sense of space and comfort. The single bedroom has a built-in robe and shelf for convenient storage. The well-appointed bathroom features modern fixtures and ample shelving. Furthermore, this purpose-built building offers communal breakout areas and suitable laundry facilities for residents.

This property is perfectly positioned, just a 2-minute stroll from Prahran train station, which offers direct access to CBD campuses. Moreover, it's just moments away from the vibrant Greville and Chapel Street areas, making it the ultimate destination for students from all corners of the globe.

Outgoings:

Strata Fees: $1,963.60
Council Rates: $480.00
Water Rates: $640.00

Invest wisely and maximise this exceptional opportunity in the student accommodation market.
*Photos are typical of student accommodation apartments in the building and may not be of the specific apartment.
* Rental estimates are an opinion only and not guaranteed in any way.

IF YOU'D LIKE TO SUBMIT AN OFFER, YOU CAN DO SO HERE: https://www.realestatebestoffer.com.au/310-42-porter-street-prahran