Lot 16 Pimelea Street, Wangaratta VIC

Description

This Co-living in Wangaratta offers a well-balanced combination of modern living and investment potential. Featuring 6 bedrooms, 6 bathrooms and 2 car space/s, it has been designed with both comfort and functionality in mind. Its practical layout and quality finishes make it appealing to tenants and homeowners alike. Located in a growing area, it provides strong prospects for both rental demand and long-term capital growth. A property that delivers both lifestyle and value.

5 Year Rental Guarantee @ $2,100 Per Week: The guarantee spans five years from the start date, which is typically 14 days after the settlement date or issuance of the occupancy permit. Investors receive a gross rental yield of at least 10% annually over this period.

What is Covered: The guarantee ensures 100% rental income during the period, even if vacancies occur, offering peace of mind to investors.

Suburb profile:

Wangaratta is a thriving regional city in north-east Victoria, offering a relaxed lifestyle with strong connections to the surrounding Alpine region, wineries, waterways and nature-based attractions. The city provides a broad range of education, healthcare, retail and community services, supported by Wangaratta High School, Cathedral College Wangaratta and Wangaratta Base Hospital, while the central shopping precinct caters to everyday needs. Transport is supported by Wangaratta railway station, regional bus services and direct road connections to Melbourne, Albury-Wodonga and surrounding communities via the Hume Freeway. As a major commercial and employment centre for north-east Victoria, Wangaratta offers an appealing combination of lifestyle convenience, regional connectivity and long-term investment potential.

This property includes six self-contained units each with a:

• Bedroom
• Bathroom
• Study Desk
• Living Room
• Kitchenette
• A/C
• Courtyard

Common areas include:

• Storage
• Bike Rack
• Kitchen
• Dining Room
• Laundry
• Social Area
• 5 Mailboxes

Rent Includes:

• Wi-fi
• Electricity
• Water
• Common Area Cleaning
• Gardening
• Maintenance

Furniture Pack:

• Each unit is equipped with a 55" flat-screen Smart TV, data points, a digital door lock for security, a bar fridge & freezer, and a kitchenette with a 3-in-1 convection oven (oven, microwave & air fryer).
• Furnishings include a double bed with bed frame and mattress, bedside table with LED light, lamp, desk, chair, TV unit, two-seater couch, and coffee table.
• The common area features a dining table and fridge.

3.1kW Solar System:

• Features a 3.1kW 3-phase Hybrid (battery-ready) PV solar system, reducing power consumption from the grid while providing a sustainable environmental benefit.

Split System:

• 2.65kW A/C split system is included in each unit for optimal comfort.
• Split system heating and cooling is provided to each unit and the communal area for complete climate control.

Security Features:

• Digital door locks to each unit.

Front & Rear Landscaping:

• The landscaping features a stylish blend of mulch, turf, and garden beds with trees and shrubs.
• The property includes side and back fencing, along with wing fences that create private outdoor areas for each unit.
• Each unit's outdoor area includes a concrete pad suitable for a table and chairs.

Combining modern design, location and investment potential, this Co-living in Wangaratta offers a well-rounded opportunity. It delivers both immediate appeal and long-term value, making it suitable for a wide range of buyers. A property that stands strong in today's market.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: Co-Living: The Future of Australian Housing.