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Sold - Lot 111, East Melbourne, VIC

Sold – Lot 111, East Melbourne, VIC

6.49%  1 Bedrooms 1 Bathrooms

Walking distance to Yarra Park, The MCG, Olympic Park/ Tennis Centre, Richmond and the CBD.
The building also boasts a rare communal rooftop terrace with stunning 360 degree views of Melbourne CBD, Richmond & surrounds.

With 2 x balconies, and the quiet court side location, this apartment boasts a larger than most foot print within this blue chip pocket of East Melbourne.

Chic and stylish this property boasts a spacious feel, with built in cabinetry to bedroom, lounge room with sofa and dining table, all overlooking the picturesque neighbouring tree lined position.
Rooftop with views across Melbourne.

Lot Asking Price Status Gross Return As of Aug 2018) Net Return As of Aug 2018)
Weekly Return Annual Rent Statement of Information
111 $375,000 Sold 6.49% 5.31% $468.00 $24,357 p/a PDF

Lease Details:

Rent as of August 2018: $468 per week ($24,357 per annum)
Return as of August 2018:  6.49% Gross / 5.31% Net
Rent Increases: 4% per annum to 2022
Lease Terms: Lease to  June 2022  plus 4 x 5 Year options
Increases as follows:
August 2019-  $25, 331-   6.75%
August 2020-  $26,344-   7.02%
August 2021-  $27,398-   7.30%

Approximate Owner Outgoings:
Council Rates: $1216 p/a (approx)
Water Rates: $970.00 pa (approx)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $2235 p/a  (approx)

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