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VIC, Ivanhoe - Lot 49

VIC, Ivanhoe – Lot 49

1 Bedrooms 1 Bathrooms Year Built: 2008

Quest Ivanhoe is located just 10km north-east of the Melbourne CBD in the vibrant Ivanhoe shopping villiage.
With cafes, restaurants and entertainment at your doorstep, 400m walk to Ivanhoe statation, 4km from the Yarra River and both  Austin and Mercy Hospital’s within close proximity.

Built in 2008 the apartment is a large one bedroom complete a fully equipped kitchen ,dishwasher, wall oven and rangehood, internal laundry facilities and split system heating and cooling. The apartment.also boasts a large alfresco / terrace balcony and carpark on title.
The complex features a conference room and further outdoor areas.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
49 $355,000 Avail 6.69% 5.79% $456.00 $23,760 p/a Statement of Information click here

Lease Details:

Current Rent:   $456 per week/ $23,760per annum
Return:  6.69 % Gross-  5.79% Net

Rent Increases as follows:
24th Nov 2021 + 4%=    $24,710 pa-    6.96% gross
24th Nov 2022 + 4%=     $25,698 pa-    7.23% gross

Lease Terms: Lease to Nov 2023 plus 6 x 5 year options
Rent Increases in accordance with lease: 4% annually (except market review year)
Market Review:   Next review 24th Nov 2023.

**** PLEASE NOTE GROSS AND NET YIELDS DO NOT INCLUDE REFURBISHMENT OR CAPITAL COSTS****
**** THESE FIGURES ARE CURRENT AS OF THE DATE OF RELEASE****

Approximate Owner Outgoings:
Council Rates:     $654 per annum. (approx)
Water Rates:        $885  per annum (approx)
Body Corporate Administration fee:     Paid by tenant
Body Corporate Sinking fund:             $1660 per annum.

**** PLEASE NOTE:  THERE ARE BUILDING WORKS SCHEDULED FOR THIS PROPERTY, PLEASE CONTACT ME FOR FURTHER INFORMATION ****

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