Lot 114, East Melbourne, VIC
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|
Current Rent: $310 per week ($16,156 per annum)
Current Return: 6.29% Gross / 5.09% Net
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)