6.4% Rental Return with Long Lease
**Investors Only**
Boasting a desirable Glenferrie Road location, just 6.2kms from Melbourne’s CBD (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). Quest Hawthorn offers chic and modern accommodation.
A unique opportunity to secure a beautiful apartment in an inner blue chip Melbourne suburb.
Lease Details
Current Rent: $425 per week ($22,110 per annum)
Next Rent Increase: 30th May 2018
Current Return: 6.4% Gross / 5.29% Net
Rents as of:
30/05/2018 - $22,994 / 6.66% Gross / 5.55% Net
30/05/2019 - $23,914 / 6.93% Gross / 5.82% Net
30/05/2020 - $24,871 / 7.2% Gross / 6.09% Net
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: $979 per annum approx.
Water Rates: $1055 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1806 per annum approx. 翻譯中文