Sold – Lot 111, Hawthorn VIC
Cosmopolitan studio apartment, like new only 6 years old.
Under long term lease, returning a secure $352 per week with 4% rental increases until 2021, 2 x communal rooftop terraces, modern bathroom and kitchen- Its a fantastic, stress free, well maintained, entry level addition to your portfolio.
No refurbishments due with private courtyard on title
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Next Rent Increase: May 2018
Current Return: 6.21% Gross
May 2018- $19,052. – 6.45%
May 2019- $19,814- 6.71%
may 2020- $20,607- 6.98%
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)
This 6 year old apartment, boasts an enviable address on Glenferrie road in the heart of the shopping, cafe and restaurant precinct.
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 two x rooftop terraces.
Approximate Owner Outgoings:
Council Rates: $980.00
Water Rates: $880.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1670 p/a