Wurley

Discover the innovative Micro-Apartment complex, an enticing investment opportunity right here in Glen Waverley. This development presents a seamless path to lucrative returns by eliminating the hassle of Planning Permits., , As the developer, you'll oversee your own complex, featuring nine lettable tenancies (micro-apartments). Meanwhile, our expert team manages everything, ensuring a swift project from land sourcing to tenant acquisition within 18 months., , Upon completion, this single-titled complex yields an impressive annual return of approximately $155 -$175K pa, with a total investment starting from just $2 million, depending on land cost. Notably, the complex offers significant depreciation value, totalling around $800,000., , Each micro-apartment boasts modern design, eco-friendly features, and essential amenities like individual air-conditioning and Wi-Fi. Managed by a qualified property manager, these tenancies typically secure leases for 6-12 months, with an occupancy rate exceeding 98%., , With excellent yields and flexible land supply options, including construction on your block or sourcing land through our buyer's agent, investing in this micro-apartment complex promises exceptional returns without needing a planning permit.