1-7/218-219 Station Street, Edithvale

Advantage Property Consulting has developed a successful group block strategy where we source and negotiate the purchase of whole blocks of boutique un-renovated apartments on behalf of a syndicate of investors and homebuyers. The strategy is designed to add value to the property with all buyers committing to external works. The following property has been sourced and it located in Reservoir which is 28km south east of Melbourne’s CDB.

Property Description

Block of units – 4 x one bedroom (from $216,000 each) 2 x two bedroom ($304,000 each) and 1 x three bedroom house ($366,000)

Estimated Rental

Current rental approximately from $155 to $220 per week (one bedroom), $250 per week (two bedroom) and $130 per week (3 bedroom house)

External Renovation Contribution and Fee

Each buyer will be required to commit between $15,000 - $20,000 each (approx.) for the external renovations to be carried out through the Owners Corporation. The consulting fee applicable for sourcing, negotiating and managing this opportunity is $13,750 (inc gst).

For further information on our Group Block purchases and information relating to this property, please contact our office on 03 9883 8900 for a no obligation meeting.

View the Consumer Affairs Victoria Due Diligence Checklist for property buyers.

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