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SOLD- VIC, Glen Waverley, Lot 209-

SOLD- VIC, Glen Waverley, Lot 209-

6.78%  2 Bedrooms 2 Bathrooms 1 Garage

Set within walking distance to the Glen Waverley restaurant precinct, Monash City Council, Holmesglen Tafe, Glen Waverley Station and The Glen Shopping centre there are all manner of amenities at your doorstep.
The apartment is a 2 bedroom twin key apartment and consists of a full size one bedroom apartment with a full size kitchen (including stainless steel oven, cooktop and dishwasher), spacious lounge and dining, bathroom, laundy facilities and a bedroom with built in robes and balcony. The studio side consists of a open plan bedroom with built-in robes, bathroom and mini kitchenette.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent Statement of Information
209 $521,000 SOLD 6.69% 5.90% $670.00 $34,872 PDF


Lease Details:

Current Rent:                $670 per week ($34,872 per annum)
Current Return:             6.45% Gross-   5.87% NET RETURN
Increases as follows: 
December 2022 + 4%     $697 pw-   $36,266 pa-   6.70% gross
December 2023               Market Review

Lease Terms:                 Lease Terms: Lease to 07/12/2023 plus 5 x 5 Year options
Rent Increases:             4% in 2022 with market rent reviews every 5 years (next due 2023)

Approximate Owner Outgoings:
Council Rates: $1217 per annum
Water Rates: $800 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1140 per annum

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