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Sold - Lot 209, Hawthorn, VIC

Sold – Lot 209, Hawthorn, VIC

7.35%  1 Bedrooms 1 Bathrooms Year Built: 2011

Situated a short 6km from the CBD, the suburb of Hawthorn is one of Melbourne’s most affluent and blue chip suburbs.
Only 8 years old, complete with large entertainers balcony & 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 2 x communal rooftop terraces.
A unique opportunity to secure a beautiful apartment in an inner Melbourne suburb.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent Statement of Information
209 $315,000 Sold 7.35% 6.2% $455.00 $23,169  CLICK HERE

Lease Details:

Rent:       $445 per week    ($23,169 per annum)
Return:   7.35% Gross / 6.2% Net
Rent Increases as follows:
30/05/2019 – $24,096 –   7.65% Gross
30/05/2020 – $25,060 –   7.95% Gross
30/05/2021 – Market Review
Lease Terms: Lease to 29/05/2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)

Approximate Owner Outgoings:
Council Rates: $1052 per annum approx.
Water Rates: $1088 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1427 per annum approx.

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