44/7 Feehan Avenue

Moonee Ponds VIC 3039

The existing tenant, QUEST Moonee Valley has been in occupation for over the past
20 years & with another eight (8), further 5 year options.
The complex presents in excellent condition & features outdoor swimming pool. No vacancy periods, no letting fees and no advertising for any new tenant. No Rental management fees, just straight income to your nominated account.
The numbers are big when compared to other local rentals, $30,000 per annum, $2,500 per month per property.
The vendors preference is to sell lot 44, which is priced to sell. Currently used as the complex, 1st floor conference room. With secure car space on title.
A major advantage of both of these investment properties is the significantly reduced refurbishment and replacement obligations when compared with the residential apartments within the building.
Superb location with Puckle st shops with walking distance, public transport, pubs and soon to be updated Moonee Valley Race Track across the road.
This is a genuinely unique opportunity to secure a specialised investment within a long-established Quest complex, offering investors a straightforward income stream within a well-maintained and professionally operated building.
No vacancy periods & no letting fees. Ideal for your own Superannuation fund.

Note: Lot 43 can also be purchased, currently used at the complex Reception & Quest office space. With secure car space on title. Price $440,000