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Hawthorn, VIC

Hawthorn, VIC

1 Bedrooms 1 Bathrooms Year Built: 2011

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
Lot 403 $450,000 Under Contract 6.56% 5.84% $568.33 $29,553.51 

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

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