Broadmeadows, VIC

FOR SALE
$1,600,000

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Take the Next Step: Become Your Own Developer and Pay No Land Tax

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Step into the realm of property development and unleash your potential as an investor-turned-developer. Explore the groundbreaking Micro-Apartment complex, an irresistible opportunity nestled in Glen Waverley. This venture offers a direct route to maximizing profits by bypassing the complexities of Planning Permits.

Take the reins as the developer of your own complex, comprising nine lucrative tenancies (micro-apartments). While our seasoned team handles the intricacies, rest assured of a seamless journey from land procurement to tenant occupancy within a swift 18-month timeframe.

Upon fruition, this unified complex delivers an impressive annual yield ranging from $155K to $175K, requiring an initial investment as low as $2.1 million, contingent on location. Noteworthy is its substantial depreciation value, amounting to approximately $800,000.

Each micro-apartment showcases contemporary aesthetics, eco-conscious elements, and indispensable conveniences such as personalized climate control and high-speed Wi-Fi. With meticulous oversight from a certified property manager, these units consistently secure leases spanning 6-12 months, boasting an occupancy rate surpassing 98%.

Benefit from stellar returns and diverse land procurement avenues, be it constructing on your parcel or leveraging our buyer's agent to secure prime plots. Embrace this micro-apartment complex investment for unparalleled profits, all without the hassle of navigating planning regulations.

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Discover the innovative Micro-Apartment complex, an enticing investment opportunity right here in Glen Waverley. This development presents a seamless path to lucrative returns by eliminating the hassle of Planning Permits.

As the developer, you'll take the next step in property investment by overseeing your own complex featuring nine lettable tenancies (micro-apartments). Our expert team manages everything, ensuring a swift project from land sourcing to tenant acquisition within 18 months.

Upon completion, this single-titled complex yields an impressive annual return of approximately $155K - $175K, with a total investment starting from just $2.1 million, depending on location. Notably, the complex offers significant depreciation value, totaling around $800,000.

Each micro-apartment boasts modern design, eco-friendly features, and essential amenities like individual air-conditioning and Wi-Fi. Managed by a qualified property manager, these tenancies typically secure leases for 6-12 months, with an occupancy rate exceeding 98%.

With excellent yields and flexible land supply options, including construction on your block or sourcing land through our buyer's agent, investing in this micro-apartment complex promises exceptional returns without the need for a planning permit.

Take control of your investment future and become your own developer with this unique opportunity. Contact us today to learn more and start your journey toward amazing returns and capital growth.

Property Features

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Better Homes and Gardens Real Estate Melbourne Invest

6/55-59 Moor Street
Fitzroy VIC 3065

Broadmeadows, VIC

FOR SALE
$1,600,000

Contact Better Homes and Gardens Real Estate Melbourne Invest
Michael Sloan  0417 577 597