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Hawthorn East

19 18 13

1-11/309 Riversdale Road

$5,950,000

11 Apartments to be Sold as One

A rare opportunity to enjoy the endless returns gained from ownership of a whole block of 11 newly built contemporary apartments, 13 car parks and 11 storage cages. A rewarding addition to any investment portfolio or super fund, these three 1-bedroom and eight 2-bedroom apartments and associated parking spaces offer outstanding leasing appeal in a prized location just moments from Camberwell Junction, The Well, Rivoli Cinemas, Fritsch Holzer Park, Swinburne University, Auburn station and trams to the city.

With the previous rental return of $311,220 per annum or $5,985 per week plus the generous depreciation allowances and further positive capital growth, this is an exceptional income generator especially in times of historically low interest rates.

Displaying a superb level of quality and designer flair, the newly finished apartments feature wide oak floors through generous living and dining spaces all appointed with gourmet kitchens featuring stone benches and Ilve appliances. The ground level apartments open to private gardens while the upper-level residence's enjoy access to private covered balconies. The accommodation ranges from 1-bedroom with 1-bathroom to 2-bedrooms with 1-bathroom and 2-bedrooms with 2-bathrooms. All include Euro-laundries, video intercom, R/C air-conditioning and secure basement car-spaces. Additional floorplans and rental information available upon request.

This is an opportunity not to be missed.

> Due Diligence Checklist

> Statement of Information

Auction Time

Wednesday
31
Mar
01:30 pm

Inspection Times

Friday
23
Apr
12:00 - 12:30 pm
Wednesday
28
Apr
12:00 - 12:30 pm

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Nicholas Franzmann

Director, Licensed Estate Agent


Nick Ptak

Partner


Inspection Times

Friday
23
Apr
12:00 - 12:30 pm
Wednesday
28
Apr
12:00 - 12:30 pm

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property in a certain area?

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email alert when a property
matches your criteria.

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Nearby Schools

St Joseph's School 0.4km
Erasmus School 0.5km
Glenferrie Primary School 0.7km
Scotch College 0.8km
Rossbourne School 1.4km
Swinburne Senior Secondary College 1.8km
St Joseph's School 0.4km
Erasmus School 0.5km
Glenferrie Primary School 0.7km
Scotch College 0.8km
Auburn South Primary School 2.1km
Auburn Primary School 2.3km
Scotch College 0.8km
Swinburne Senior Secondary College 1.8km
Auburn High School (interim name) 2km
Melbourne Girls College 2.2km
Bialik College 2.3km
Alia College 2.5km
Rossbourne School 1.4km
St Paul's College 3.4km
Andale School 4km
Kamaruka 4.7km
Belmore School 7.1km
The Currajong School 7.1km
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