Sold – Lot 108, Frankston, VIC
Located in the Bayside suburb of Frankston and within easy access to the Frankston Freeway, Eastlink, Monash University (Peninsula Campus), Frankston Arts Centre and the local shopping and dining precinct.
This one bedroom apartment is spacious and boasts a fully equipped kitchen (oven, cook top and dishwasher), built in robes, internal laundry facilities, split system heating and cooling, patio and a car park on title.
| Lot | Asking Price | Status | Gross Return | Net Return | Weekly Return | Annual Rent | Statement of Information |
| 108 | $286,000 | Sold | 6.69% | 5.83% | $368 | $19,139 |
Lease Details:
Current Rent: $368 per week ($19,139 per annum)
Next Rent Increase: 11th April 2019
Current Return: 6.69% Gross / Net 5.83%
Return as of 11th April 2019: 6.96% Gross / 6%
Lease Terms: Lease to 10/04/2020 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Approximate Owner Outgoings:
Council Rates: $1453 per annum
Water Rates: $681 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $330 per annum
