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Sold - Lot 215, Glen Waverley, VIC

Sold – Lot 215, Glen Waverley, VIC

6.7%  2 Bedrooms 2 Bathrooms 1 Garage Year Built: 2008

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 consists of two bedrooms with built-in robes, 2 bathrooms with an en-suite to the master bedroom, euro style internal laundry and a fully equipped kitchen consisting of stainless steel oven, cooktop, rangehood and dishwasher.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent Statement of Information
215 $510,000 SOLD 6.7% 6.1% $657.00 $34,214 PDF

Lease Details:

Current Rent: $657 per week ($34,214 per annum)
Next Rent Increase: 8th December 2019
Current Return: 6.7% Gross / Net 6.1%
Lease Terms: Lease to 07/12/2018 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due December 2018)

Approximate Owner Outgoings:
Council Rates: $1350 per annum approx.
Water Rates: $713 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $995 per annum approx

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