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Seize the opportunity to invest in a rare and lucrative student accommodation option in the vibrant heart of Malvern East. Perfectly poised for high rental yields, this spacious three-bedroom apartment presents an unparalleled investment prospect, currently commanding an impressive annual rental of $25k/annum and tipped to rise to $28k/annum upon renewal in Feb 2025.
Located at an arm's length from Monash University Caulfield Campus, merely 180 meters away, this apartment is a student's dream, offering the perfect blend of communal living and private study spaces. Each of the three bedrooms is generously proportioned and comes with its own dedicated study area, catering to the unique needs of student residents.
The apartment's interior boasts a full-sized, modern kitchen that seamlessly flows into the living and dining area, creating an open-plan space ideal for socializing and relaxation. Adding to the convenience are two toilets, with one separate from the bathroom, ensuring comfort and ease for a group living arrangement.
Additional features of this exceptional investment include:
- Secure entrance, ensuring safety and peace of mind for residents.
- Communal laundry facilities, adding to the convenience of living
- Lift access to all levels, making it an accessible and comfortable living option.
- The availability of secure car parking for rent, a valuable commodity for students with vehicles.
- Affordable Wi-Fi rates to cater to the digital needs of students.
Strategically positioned in a sought-after locale, the apartment is surrounded by a plethora of cafes, restaurants, shops, and supermarkets in nearby Caulfield East, Malvern East, and Carnegie. The iconic Chadstone Shopping Centre is also a stone's throw away, offering endless retail and entertainment options.
In the wake of the pandemic, Melbourne's rental market is experiencing a severe shortage, particularly in student accommodation, with most apartments now at full capacity. The reopening of international borders has ushered in a significant influx of students, leading to a surge in rental demand and making this an opportune moment for investors to delve into this thriving sector.
Don't miss out on this exceptional chance to own a premium student accommodation property in one of Melbourne's most dynamic suburbs. Contact us today to discover more about this unique investment opportunity.
NOTE - Images are of the apartment and include styled and staged furniture as indicated for advertising purposes.