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Vinci Carbone Property Pty Ltd - Melbourne

157-163 Lonsdale Street Dandenong, VIC 3175

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157-163 Lonsdale Street,
Dandenong, VIC 3175

Hotel & Leisure

Price information

Sale - Expression of Interest closing Thu 12 Mar

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Key property information

Floor area

Car spaces

Property extent

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$663,000
Tenants / Type
Punthill Apartments

Expression of Interest

Closing

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Vinci Carbone Property Pty Ltd - Melbourne
157-163 Lonsdale Street
Dandenong, VIC 3175
Vinci Carbone Property Pty Ltd - Melbourne

Vinci Carbone Property Pty Ltd - Melbourne

Level 10, 100 Collins Street
MELBOURNE, VIC 3000

Map of 157-163 Lonsdale Street

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34 ONE & TWO BEDROOM LARGE APARTMENTS - OFFERED IN ONE LINE

  • ANTICIPATED YIELD 7%
  • NEW 5 YEAR LEASE
  • ALL APARTMENTS ON INDIVIDUAL TITLES
NEW 5 YEAR LEASE - ANTICIPATED YIELD 7%

Total flexibility - 34 individual Titles offers investors the potential to hold in one line or sell down as individual Titles. Also opportunity to own in separate entities.
Significant annual income of $663,000* with annual reviews.
High return - Anticipated net return of circa 7% which is significantly higher than many like investments and certainly higher, almost 10 times the current cash rate.
Potential Tax Benefits - Based on an Indicative Tax Allowance Report prepared by Napier Blakely there are potential tax allowance benefits of circa $1,250,000 over the first five (5) years of ownership, further enhancing your investment return.
Established tenant, Punt Hill - Strong tenant brand which has been in occupation for 10 years and has just exercised a further option of five (5) years, testament to its confidence in the business which they have created. Punthill Apartments is owned by a private firm Veriu, a very successful Sydney based Hotel Group which operate 17 Apartment Hotels throughout Melbourne, Sydney and Brisbane.
Solid clientele base - Dandenong is home to a number of Government and Corporate organisations which provide a steady flow of short term stay occupants ensuring the viability and success of this type of operation.

AN UNBEATABLE INVESTMENT OPPORTUNITY 

FOR SALE BY EXPRESSIONS OF INTEREST CLOSING THURSDAY 12 MARCH AT 4PM

*approx

Property ID: 503461238Last Updated: 20 Feb 2020

Agency contacts

Vinci Carbone Property Pty Ltd - Melbourne
Vinci Carbone Property Pty Ltd - Melbourne
Level 10, 100 Collins Street
MELBOURNE, VIC 3000
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Joseph Carbone
Vinci Carbone Property Pty Ltd - Melbourne
157-163 Lonsdale Street Dandenong, VIC 3175

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Joseph Carbone

    Vinci Carbone Property Pty Ltd - Melbourne
    0418 *** ***
  • Frank Vinci

    Vinci Carbone Property Pty Ltd - Melbourne
    0418 *** ***