1050 Mount Alexander Road, ESSENDON VIC 3040
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- 5 Nov 2016
Rare Melbourne Short Term & Permanent MR - Under Construction | Resort Brokers ID : OTP004420
Resort Brokers ID : OTP004420
- Strong demand for short-term accommodation is being driven by flourishing business expansion, infrastructure development and an exciting events calendar in this sought-after commercial, residential and lifestyle hub just 8km from Melbourne CBD.
- Boasting a striking modern design by acclaimed ClarkeHopkinsClarke architects, this stylish new six-storey apartment building is being built and developed by Accord Property Group, highly reputed for delivering excellent quality and attention to detail.
- Alexa Park Residences is all about Melbourne style and experiences – close to all the action, yet set against a backdrop of leafy heritage boulevards and open parklands. The building comprises 90 elegant apartments with 18 permanent & 59 short term in the letting pool.
- 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 independent street frontage access ideal for Soho use with total size is over 106 sqm (67.6sqm internal / 24.9sqm 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 $31.2k + outgoings + GST.
- Developers have another short term & permanent let development, MoPo consisting of 90 apartments which is 2km down the road and is delivered within a month of month.
- 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: $379,640 (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
1050 Mount Alexander Road ESSENDON