Sold – Lot 111, East Melbourne, VIC
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|
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)