Lot 208, Hawthorn, VIC
With only 4 one bedroom lots contained within this building, we are proud to offer Lot 208, a large one bedroom apartment, – front facing & boasting a floor area of approximately 54m2.
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.
| Lot | Asking Price | status | Gross Return | Net Return | Weekly Return | Annual Rent | Statement of Information |
| 208 | $420,000 | Avail | 7.18% | 6.13% | $618.00 | ($32,140 p/a |
Lease Details:
Current Rent: $580 per week -$30,177 pa
Current Return: 7.18 % Gross – 6.13%- Net
INCREASING by 4% in MAY 2020 to: $604 per week – $31, 434 pa
Return as of May 2020: 7.48% 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: $1163 per annum
Water Rates: $905 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $2330 per annum
