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Ellerim

THE LOCATION
Ellerim Apartmen ts has a Walk Score rating of 83 out of 100 – Very Walkable. This indicates most errands can be accomplished on foot. Koornang Road shopping strip is only 300m away and includes cafes, restaurants, specialty shops and a Woolworths while the iconic Carnegie Library is also just 400m away. Monash University is just 2.2km away and there are various Child Care Centers and Primary Sch ools less than 1km away while. The well regarded St Anthony ’ s Primary School is also just 1.2km away.

THE BUILDING
Consisting of just 16 apartments with all but three being large 2 bedroom 2 bathroom residences. Prices range from $440,000 – $625,000 and are spatially appointed with internal areas ranging from 57sqm – 95sqm and courtyards/balconies ranging from 8sqm all the way up to 77sqm. Brilliantly designed by Peter L Brown Architects, these expansive apartments have been designed with the owner occu pier in mind. Thoughtfully designed the building will have an exclusive and spacious feel. The ground floor offers a town house feel with large private courtyards made available by 2 street frontages. The northern facing apartments also offer a beautifu l aspect maximizing light and with little to no chance of being built out.

THE INVESTMENT
The numbers for Ellerim Apartments look great for the investor. With its low holding costs and great rental demand, an investor on a $80,000 income will only be $ 41 out of pocket per week for a 2 bedroom, 2 bathroom apartment with parking. This inner south eastern location is a Major Activity Centre in the Melbourne 2030 Plan and forms part of the Glen Eira Activity Centre Strategy. Koornang Road is a Major Activity Centre for the Structure Plan in the City of Glen Eira. Its Urban Village is going through bea u tification and redevelopment to attract more business to the area increasing employment opportunities and the general appeal of the location. Its central lo cation with easy access to the CBD and arterials offers high appeal for tenancy with its vacancy rate sitting at a very low 1.6%. This indicates a requirement and demand for high quality residential dwellings in the area.

2019-01-16T14:13:13+11:00