Sold – Lot 707, Hawthorn, VIC
TOP FLOOR- One bedroom- studio style apartment with large private large wrap terrace.
The building also boasts communal gymnasium and 2 rooftop entertainment areas.
Building was completed in 2011.Boasting a desirable Glenferrie Road location, just 6.2 kms from Melbourne’s CBD, this beautiful penthouse apartment offers chic & modern accommodation.
With a large wrap around entertainment terrace showcasing stunning views to Immaculate Conception Catholic Church & Hawthorn Town hall from your kitchen, meals and bedroom area.
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 top level apartment.
| Lot | Asking Price | status | Gross Return | Net Return | Weekly Return | Annual Rent | Statement of Info |
| 707 | $380,000 | SOLD | 6.74% | 5.88% | $493.00 | $25,641 p/a | Click here |
Current Rent: $493 per week ($25,641 per annum)
Next Rent Increase: 30th May 2019
Current Return: 6.74% gross – 5.88% NE
Rents Increases as follows:
MAY 2019 – $26,667 – 7.00 % Gross
30/05/2020 – $27,734 – 7.28% Gross
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: $933 per annum
Water Rates: $994 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1372 per annum.
