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East Melbourne VIC

East Melbourne VIC

1 Bathrooms

An opportunity to secure a beautiful heritage rich apartment in the ever demanding “hot spot” of East Melbourne.
A very spacious studio, cosmopolitan kitchen that was recently updated,  Chic and stylish, bedroom alcove, large kitchen and study area, lounge with sofa and dining table.
and stunning rooftop with views across Melbourne.

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

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
105 $325,000 Avail 6.30% 5.05% $394.00 ($20,493 p/a

Rent Increases:
August 2018- $21,312- 6.55%
August 2019- $22,165- 6.81%
August 2020- $23,051- 7.08%
August 2021- $23,973- 7.37%
Lease Terms: Lease to August 2022 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due August 2022)

Council Rates: $1320 p/a (approx)
Water Rates: $970.00 pa (approx)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1756 p/a (approx)

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