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Cheltenham, VIC

Cheltenham, VIC

7.4%  2 Bedrooms 2 Bathrooms 1 Garage Year Built: 2011

The apartments are a 14-minute walk from Westfield Southland shopping centre, 300m from Cheltenham train station and 2.3 km from Mentone Beach.
The building is only 8 years old and the apartments consist of 2 bedroom, 2 bathroom design with car parks on title.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
108 $436,000 Avail 7.4% 6.78%** $622.00 $32,371  DOWNLOAD
209 $436,000 Avail 7.4% 6.8%** $622.00 $32,371  DOWNLOAD

Lot 108:

Current Rent: $622 per week -$32,371 pa
Current Return: Return: 7.4% Gross / 6.78% Net**
Current Outgoings:
Council: $1175.87
Water: $685
Sinking Fund: $940
Admin Fund: Paid by tenant
Lease Terms: Lease to  27/01/2021 plus 6 x 5 year options
Rent Increases:
4% P/A except at Market reviews. Next market rent review due in 2021.
**Net return is based on the listed outgoings and doesn’t take into account any capital works or additional expenses associated with property ownership

 

Lot 209:

Current Rent: $622 per week -$32,371 pa
Current Return: Return: 7.4% Gross / 6.8% Net**
Current Approx Outgoings:
Council: $1114.93
Water: $685
Sinking Fund: $870
Admin Fund: Paid by tenant
Lease Terms: Lease to  27/01/2021 plus 6 x 5 year options
Rent Increases:
4% P/A except at Market reviews. Next market rent review due in 2021.
**Net return is based on the listed outgoings and doesn’t take into account any capital works or additional expenses associated with property ownership

 

*Images are of apartment Lot 108

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