Fully Managed Apartment in Wantirna [INVESTORS ONLY]
8.48% Gross Return
7.06% Net Return
$275,000
107/377 STUD ROAD, WANTIRNA SOUTH
Passive Investment | Long-Term Lease | No Owner Occupation
This fully furnished 1-bedroom apartment in the Punthill Apartment Hotels Knox complex is the perfect hassle-free investment. With a long-term lease, professional management, and rent paid regardless of occupancy, this opportunity is ideal for SMSFs and passive income seekers.
Overview
🔹 Key Details
Asking Price: $275,000
Rental Income: $449 per week rent ($23,325 p.a)
1 Bedroom | 1 Bathroom
Fully equipped kitchen, built-in wardrobe, and laundry facilities
📅 Lease Details
Current lease to: 07/01/2028
Options: 2 x 5-year lease renewals
Next market rent review: 07/01/2023 *Rent review currently in progress
Annual CPI increases: 2025 to 2028
💰 Outgoings (Approx. Annual fees can vary)
Council Rates: $1,305
Water Rates: $691
Owners Corporation Maintenance Fees: $633
Managing Agent Cost: 5.5% of rent $1,283
🏢 Building Features
Outdoor lap pool, gym, BBQ area & landscaped gardens
Secure building with internal lift and air-conditioned comfort
24/7 onsite management – truly hands-off
📍 Location Perks – Knox/Wantirna
Just 25km southeast of Melbourne CBD
At the base of the Dandenong Ranges – a growing tourism and leisure hub
Minutes to Westfield Knox, local dining, and entertainment
Quick access to Eastlink, public transport, and medical precincts
Popular with both corporate and extended-stay accommodation guests
📅 Lease & Investment Notes
Long-term lease in place
Strictly investors only – no owner occupation
Suitable for SMSFs, interstate buyers, and hands-off portfolios
**Net returns do not include capital works or additional expenses associated with property ownership
📩 Investor Pack Available on Request
Includes: Contract of Sale, Lease Agreement, Title, Statement of Information & Floorplan
📞 Contact Stellar Brokers For more information or to request documents.
Disclaimer: The information provided is for general guidance only and is not intended as investment, legal, or tax advice. All figures and details have been supplied by the vendor or third parties and are provided by way of example only. Prospective purchasers should conduct their own independent due diligence and seek advice from legal, financial, or tax professionals to determine the suitability of this investment for their individual circumstances. No responsibility is accepted for the accuracy of the information provided. Images and floor plans shown are indicative only and may not depict the exact apartment for sale. An inspection of the specific unit is essential to confirm layout, condition, and inclusions.
