I 've been looking for an IP in Mel for couple of months. Just spotted this porperty in Prahran:
http://www.realestate.com.au/property-apartment-vic-prahran-106048185
Location is OK, Cash Flow is fantastic(400+ per week to student only) but CG looks not too good.
I aslo checked the same porperty sold 2 months ago :
http://www.realestate.com.au/property-unit-vic-prahran-106449266
The agent didnt mention any student accommodation in the ad n the unit was sold for 318K, just got confused coz these two units are in the same building n on the same floor, the prior got better floor plan ( with a baconly) but with lower asking price(300k).
Is that possible the building was built partly for residential and partly for student accomodation?
http://www.realestate.com.au/property-apartment-vic-prahran-106048185
Location is OK, Cash Flow is fantastic(400+ per week to student only) but CG looks not too good.
I aslo checked the same porperty sold 2 months ago :
http://www.realestate.com.au/property-unit-vic-prahran-106449266
The agent didnt mention any student accommodation in the ad n the unit was sold for 318K, just got confused coz these two units are in the same building n on the same floor, the prior got better floor plan ( with a baconly) but with lower asking price(300k).
Is that possible the building was built partly for residential and partly for student accomodation?