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Lot 208, Hawthorn, VIC- SOLD

Lot 208, Hawthorn, VIC- SOLD

54  1 Bedrooms 1 Bathrooms Year Built: 2011

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

 

 

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