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St Kilda Bayside, VIC

St Kilda Bayside, VIC

6.18%  1 Bedrooms 1 Bathrooms 1 Garage

Situated in a blue chip, quiet tree lined residential street, this gorgeous apartment boasts all the cosmopolitan lifestyle & attractions of St Kilda at it’s doorstep.
Light, bright & spacious, an immaculate 1 bedroom apartment with  fully equipped kitchen, lounge dining area,  plus a car park on title.
Nestled between Fitzroy & Acland Streets and only minutes walk to St Kilda Beach and pier, the sea baths, Sunday craft markets, bars, restaurants and cafes, the location speaks for itself.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent Statement of Information
73 (Apt 4C) $335,500 Under Contract 6.18% 5.3% $398 $20,740  CLICK HERE

Lease Details:

Current Rent: $398 per week ($20,740 per annum)
Current Return: 6.18% gross- 5.3% NET
Rent Increases as follows:
July 2019=  + 3% = $21,362 p/a-   6.37%
July 2020=  + 3% = $22,003 p/a-   6.56%
July 2021=  + 3% = $22,663 p/a-   6.75%
Lease Terms: Lease to 30/06/2022 plus 3 x 5 Year options

Approximate Owner Outgoings:
Council Rates: $990.20 pa
Water Rates: $ 664.86 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1289.70 p/a

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