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Lot 206, Hawthorn, VIC

Lot 206, Hawthorn, VIC

7%  1 Bedrooms 1 Bathrooms Year Built: 2011

Situated a short 6km from the CBD, the suburb of Hawthorn is considered one of Melbourne’s most affluent and blue chip.
Only 8 years old, complete with 2 large communal entertainers balconies & situated on Glenferrie Road, with shopping, cosmopolitan cafes, restaurants and night life at your doorstep.
Surrounded by Universities, major hospitals, private colleges and only a short tram trip to Melbourne’s major sporting areas and city events.
Onsite facilities include Gymnasium, and independant cafe downstairs
A unique opportunity to secure a beautiful apartment in an inner Melbourne suburb.
Front facing studio apartment with kitchenette and bathroom. Bi Fold Doors opening out to Glenferrie Road.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
206 $287,900 Avail 7% 5.88% $387 $20,156  LINK

 

Lease Details:
Current Rent: $387 per week – $20,156 pa
Current Return: 7 % Gross – 5.88%- Net
INCREASING by 4% in MAY 2020 to: $403 per week – $20,962 pa
Return as of May 2020: 7.28% Gross

Lease Terms: Lease to 29/05/2021 plus 4 x 5 Year options
Rent Reviews and Increases:
4% yearly – with market rent reviews every 5 years (next due May 2021)

Approximate Owner Outgoings:
Council Rates: $1028 per annum
Water Rates: $1000 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1184 per annum

 

 

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