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Sold - Lot 304, Hawthorn VIC

Sold – Lot 304, Hawthorn VIC

Boasting a desirable Glenferrie Road location, just 6.2 kms from Melbourne’s CBD, this beautiful apartment boasts street facing position with balconette.

One bedroom- studio style apartment, front facing with balconette.
The building also boasts communal gymnasium and 2 rooftop entertainment areas.
Building was completed in 2011.

**** PLEASE NOTE** IMAGES ALL APARTMENT IMAGES ARE OF APT 204- SAME FLOOR PLAN (ONE LEVEL BELOW)
ROOFTOP IMAGES BELOW ARE COMMUNAL

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
304 $345,000 Sold 6.72% 5.71% $448.00 ($24,256 p/a  CLICK HERE

Lease Details
Rent (**as of 30/05/19) : $466 per week ($24,256 per annum)
Current Rent $448 per week ($23,323 per annum)
Rents Increases as follows:
MAY 2019 – $24,256 – 7.03 % Gross
MAY 2020 – $25,226 – 7.31% Gross
Current return : 6.76% gross- 5.86% net *** Increasing in May 19**
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: $789 per annum
Water Rates: $890 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1412 per annum.
11 minutes by train to Flinders Street and only 8 minutes to Richmond station, MCG, Rod Laver, Hisense Arena and AAMI Park for the sports and entertainment lover, a unique opportunity to secure a desirable front facing apartment.

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