333 Ascot Vale Road, MOONEE PONDS VIC 3039
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- 19 Oct 2016
Rare Melbourne Short Term & Permanent MR - Under Construction | Resort Brokers ID : OTP004417
Resort Brokers ID : OTP004417
- Strong demand for short-term accommodation is being driven by flourishing business expansion, infrastructure development, a lively shopping and dining scene and an exciting events calendar in this sought-after commercial, residential and lifestyle hub just 6.5km from the Melbourne CBD.
- Developed by Accord Property Group, highly reputed for delivering excellent quality, and designed by world-renowned Peddle Thorp Architects, MoPo features 126 apartments in varied one, two and three-bedroom configurations across 11 levels.
- MoPo oozes contemporary luxury and natural comfort, extending from basement parking to ground level retail cafés, glamorous lobby and lift lounge through to an expansive rooftop terrace with entertaining decks. Close to all the action, yet set against a backdrop of leafy heritage boulevards and open parklands, it presents a captivating blend of energy and relaxed style.
- Consisting of 107 apartments are in the letting pool (25 Permanent and 82 Short term), providing a range of deluxe accommodation choices, with views embracing the city skyline, Moonee Valley Racecourse, parklands and wider Melbourne.Bordered by greenery, the open air rooftop and enclosed Sky Lounge afford spectacular indoor and outdoor entertainment and relaxation spaces.
- The manager’s residence two bed, two bathrooms plus study which is not tied to the management rights at all though is preferable for a short term operation. Furthermore it’s north facing and boast a total size is over 106 sqm (81.5sqm internal/25.4 sqm balcony).
- Managers ground floor tenancy with access to the common lobby. It will be retained by the developer and available for long term lease in line with caretaking & letting agreements for $28.5k + outgoings + GST.
- Developers have another short term & permanent let development, Alexa consisting of 90 apartments which is 2km down the road and is delivered within a month of MoPo
- Brand new 25 year agreement prepared by specialist management rights solicitor.
- Ample parking and storage facilities onsite for manager with no set office hours in the agreements.
- NETT PROFIT: $591,335 (projected)
NB: Property inspections are by appointment only
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
333 Ascot Vale Road MOONEE PONDS