Sold: Lot 109, Hawthorn, VIC
Hawthorn property investment is a cosmopolitan studio apartment, like new only 6 years old.
With 4% increases until 2021, 2 x communal rooftop terraces, modern bathroom and kitchen- Its a fantastic, stress free, well maintained, entry level addition to your portfolio.
- Walk to cafes, restaurants, shopping and night life.
- Surrounded by Universities, major hospitals, private colleges.
- Short tram trip to Melbourne CBD, MCG, Rod laver arena and Richmonds China town precinct.
- Onsite facilities include Gymnasium, and 2 x rooftop terraces.
Current Rent: $331.94 per week ($17,261.05 per annum)
Next Rent Increase: May 2017
|Lot||Asking Price||Status||Gross Return||Net Return||Weekly Rent||Annual Rent|
Current Return: 6.50% Gross
INCREASING TO: 6.76% in May 2017:
Further increases as follows:
May 2018: – 7.03%
May 2019: – 7.31%
May 2020: – 7.60%
Lease Terms: Lease to 30/05/2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
Approximate Owner Outgoings:
Council Rates: $1195 pa
Water Rates: $845.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $680 p/a
Size: Apartment is a studio