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Hawthorn, VIC

Hawthorn, VIC

Studio Bedrooms 1 Bathrooms Year Built: 2006

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
Lot 109 $265,500 Available 6.50% 5.47% $331.94 $17,261.05

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

 

 

 

 

 

 

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