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Sold: Lot 4, Mont Albert, Melbourne, VIC

Sold: Lot 4, Mont Albert, Melbourne, VIC

6.98%  1 Bedrooms 1 Bathrooms

Lot 4, apartment 104

Located within walking distance to The Box Hill Institute, Box Hill Hospital, Box Hill Central and Box Hill Town Hall, this apartment’s location cannot be beaten. With all manner of public transport options such as Trains, Buses and a Tram stop out the front, guests and visitors will have no trouble getting around.
The apartment is spacious and consists of an open plan living/dining room, fully equipped kitchen, a bathroom with laundry facilities, private balcony and a car park on title.

Apartment Asking Price Status Design Gross Return Weekly Rent Rent p/a
Lot 4 $297,000 SOLD 1 BR 6.98%** $398** $20,732**

**Rent and Returns quoted are based on the rent from 29/09/2016

Lease Details:

Rent as of 29/9/2016: $398 per week ($20,732 per annum)
Next Rent Increase: 29th September 2017
Return as of 29/9/2016: 6.98% Gross / Net 6.26%
Lease Terms: Lease to 28/09/2018 plus 3 x 5 Year options
Rent Increases: 8% increase on 29/09/2017 – Next market rent review 29/09/2018

Approximate Owner Outgoings:
Council Rates: $800 per annum approx
Water Rates: $693 per annum approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $632 per annum approx

 

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