CALL 1800 MY QUEST (1800 697 837):

Sold - Lot 114, East Melbourne, VIC

Sold – Lot 114, East Melbourne, VIC

6.29%  1 Bedrooms 1 Bathrooms

An opportunity to secure a beautiful heritage rich apartment in the ever demanding “hot spot” of East Melbourne.
A very spacious studio, complete with bathroom dining area, study nook, small balcony and cosmopolitan kitchen that was recently updated.

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 Statement of Information
114 $256,500 SOLD 6.29% 5.09% $310 $16,156 PDF

Lease Details:

Current Rent: $310 per week ($16,156 per annum)
Current  Return:  6.29% Gross / 5.09% Net
Rent Increases:
2% or CPI (whichever is higher) until 2022 then 4% rental increases per annum after the 2022 market review
Lease Terms: Lease to  June 2022  plus 4 x 5 Year options

Approximate Owner Outgoings:
Council Rates: $671 p/a (approx)
Water Rates: $993 pa (approx)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1425 p/a  (approx)

People also visited