Sold: Lot 403, Hawthorn, VIC
A rare -Complete 1 bedroom apartment -with its own front facing private wrap terrace.
Boasting a desirable Glenferrie Road location, just 6.2kms from Melbourne’s CBD (11 minutes by train to Flinders Street and only 8 minutes to Richmond station, MCG, Rod Laver, Hisense Arena and AAMI Park for the sports and entertainment lover). Quest Hawthorn offers chic, near new accommodation.
A unique opportunity to secure a beautiful apartment in an inner blue chip Melbourne suburb.
FIXED 4% INCREASES UNTIL 2021.
Building- only 6 years old.
PLEASE NOTE FIGURES BELOW ARE BASED ON RENT AS OF 30TH MAY 2017
|Lot||Asking Price||Status||Gross Return||Net Return||Weekly Rent||Annual Rent|
Return as of May 2017: 6.56% Gross
Further increases as follows:
May 2018: – 6.83%
May 2019: – 7.10%
May 2020: – 7.38%
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: $1164 pa
Water Rates: $1100.00 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $970 p/a