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Sold: Lot 408, Hawthorn, VIC

Sold: Lot 408, Hawthorn, VIC

1 Bedrooms 1 Bathrooms Year Built: 2011

Views, Rooftop Terraces & $493 per week rent!!

FIXED 4% RENTAL INCREASES UNTIL 2021.
2 X Communal Rooftop Terraces!

Situated on level 4- this 6 year old apartment is nestled among Glenferrie road shopping, cafe and restaurant precinct. A near new Hawthorn property investment apartment, with no refurbishments due and 4% increases until 2021.
Modern bathroom and kitchen divide the bedroom and living areas providing guests with a comfortable home away from home in the heart of Hawthorns major shopping, dining and entertainment precint.

Within walking proximity to Hawthorn’s Universities, major
hospitals, private colleges and a short tram trip to Melbourne CBD, MCG, AAMI Park and Rod laver arena.

Lot Asking Price Status Gross Return Net Return Weekly Rent Annual Rent
Lot 408 $380,000 SOLD 6.75% 5.97% $493.53 $25,663.75

Next Rent Increase: May 2018
Current Return: 6.75 % Gross
Further increases as follows:
May 2018: – 7.02%
May 2019: – 7.30%
May 2020: – 7.59%
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: $1160.00 pa
Water Rates: $860.00 pa

Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $930 p/a

 

 

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