Investors Act Quickly!! - Brand New $215,000. - $150000

Description

This brand new 2 bedroom unit is under construction with settlement due in approximately August 2010. For the astute investor this represents depreciation entitlements and stamp duty savings. A very strong rental demand exists at $210 to $220pw representing a 5% rental yield. This development located off Roslyn Park Drive, consists of 34 apartments constructed over 2 levels and within four separate buildings. The location is excellent being nestled amongst newly established sought after estates. Amenities are close by such as bus routes, schools and McPherson Park sporting facilities. This unit is located on the bottom level with views from the courtyard towards the park. It has 88 square metres of internal plus generous courtyard and contains an undercover car park with storage cage. The finishes are of good quality with dishwasher included. A Valuation at $215,000 was formally prepared by a registered valuer in January 2009 well before construction commenced and the vendor is prepared to sell this unit now at this valuation price! It is worth noting some important facts about the Shire of Melton which can be confirmed on their website www.melton.vic.gov.au The Shire is booming, as it is one of the fastest growing municipalities in Australia offering the best in urban and rural lifestyles. It's population is forecast to double by year 2026. Melton being located only 35 kilometres west of Melbourne's CBD is accessible to Melbourne's key freeways, the airport and the Port of Melbourne. The Shire of Melton has won the national Keep Australia Beautiful award which recognises the Shires' efforts to protect the environment and character of the community now and for the future. Contact Stephen McHenry 0417 574434 smchenry@maprealestate.com.au