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Sold: Lots 202 & 205, Hawthorn, VIC

Sold: Lots 202 & 205, Hawthorn, VIC

6.50%  1 Bedrooms 1 Bathrooms Year Built: 2000

Situated a short 6km from the CBD, the suburb of Hawthorn is one of Melbourne’s most affluent and influential suburbs.
Nestled on Glenferrie Road, the major shopping strip, with an array of cosmopolitan cafes, restaurants and night life at your doorstep.
Surrounded by Universities, major hospitals, private colleges and only a short tram trip to Melbourne’s major sporting areas and city events.
Onsite facilities include Gymnasium, and rooftop terrace.

Apartment Price / Status Bedrooms % Return Weekly Return Annual Return
Lot 202 $268,000-   Sold studio  6.5% $338 $17,615.37
Lot 205 $272,000-   Sold studio 6.52% $338 $17,615.37

INCREASING TO: 6.78% in May 2017:
Further increases as follows:
May 2018:  – 7.05%
May 2019:  – 7.33%
May 2020:  – 7.63%

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: $1184 pa
Water Rates: $845.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $920  p/a

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