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Sold- Lot 413, Hawthorn, VIC

Sold- Lot 413, Hawthorn, VIC

1 Bathrooms Year Built: 2011

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
Lot 413 $350,000 Sold 6.86% 6.08% $461.90 $24,018

Lease Details – Lot 220

Current Rent:   :   $380.65 per week ($19,794.00 pa)
Next Rent Increase: May 2018
Current Return: 6.59% Gross

Further increases as follows:
May 2018:  – 6.85%
May 2019:  – 7.12%
May 2020:  – 7.41%

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.

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