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 property investment offers chic, near new accommodation.
A unique opportunity to secure a beautiful apartment in an inner blue chip Melbourne suburb.
|Lot||Asking Price||Status||Gross Return||Net Return||Weekly Rent||Annual Rent|
Current Rent: $461.90 per week ($24,018 per annum)
Next Rent Increase: May 2018
Current Return: 6.86% Gross
Further increases as follows:
May 2018: – 7.13%
May 2019: – 7.41%
May 2020: – 7.71%
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: $1017 per annum approx.
Water Rates: $860 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $857 per annum approx.