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Sold: Lot 49, Ivanhoe VIC

Sold: Lot 49, Ivanhoe VIC

1 Bedrooms 1 Bathrooms 1 Garage

Located in the Ivanhoe shopping and cafe strip with the Austin Hospital, Mercy Hospital, Ivanhoe Station and the golf course only a short distance away the location of this apartment is hard to beat. Built in 2008 the apartment is a large one bedroom apartment with a car park on title, a very large alfresco style balcony, a fully equipped kitchen, internal laundry facilities and split system heating and cooling. The apartment has also been recently painted and carpeted.

Lot Asking Price Status Gross Return Net Return Weekly Rent Annual Rent
Lot 49 $340,000 SOLD  7% 6.26% $459 $23,877

Current Rent: $459 per week ($23,877 per annum)
Next Rent Increase: 24th November 2017
Current Return: 7% Gross / Net 6.26%
Lease Terms: Lease to 23/11/2018 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2018)

Approximate Owner Outgoings:
Council Rates: $828 per annum
Water Rates: $650 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1110 per annum

 

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