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SOLD- Hawthorn, VIC

SOLD- Hawthorn, VIC

1 Bedrooms 1 Bathrooms Year Built: 2011

This  6 year old apartment, boasts an enviable address on Glenferrie road in the heart of the shopping, cafe and restaurant precinct.

A near new investment apartment, with no refurbishments due, 4% increases until 2021 and its own private courtyard.

Within close proximity to Hawthorn’s Universities, major hospitals, private colleges and a short tram trip to Melbourne CBD, MCG, Rod laver arena and Richmond’s China town.

Onsite facilities include Gymnasium, and 2 x rooftop terraces.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
105 $292,600 Sold 6.00% 4.78% $335.00 ($17,438.24 pa

Further increases as follows:
May 2018: $18,135.77-    6.25%
May 2019:  $18,861.20-   6.50%
May 2020:  $19,615.64-   6.76%
Lease Terms: Lease to 30/05/2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)

Council Rates: $1050 pa
Water Rates: $980.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1530  p/a
Apartment is a studio

 

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