Private balcony - $378 per week rent income!!
Lot 401/616 Glenferrie Road, Hawthorn
Situated a short 6km from the CBD, the suburb of Hawthorn is one of Melbourne's most affluent and blue chip suburbs.
Only 7 years old, complete with large entertainers balcony & situated on Glenferrie Road with shopping, cosmopolitan cafes, restaurants and night life at your doorstep.
Securely leased to Quest Apartment Hotels, rents are paid regardless of occupancy.
Lease Details
Rent: $378 per week ($19,687 per annum)
Return: 6.56% Gross / 5.50% Net
Rent Increases as follows:
30/05/2019 - $20,475- 6.82% Gross
30/05/2020 - $21,294- 7.09 % 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)
NO MANAGEMENT, LETTING OR VACANCIES!!
Surrounded by Universities, major hospitals, private colleges and only a short tram trip to Melbourne's major sporting areas and city events.
Onsite facilities include Gymnasium, and 2 x communal rooftop terraces.
A unique opportunity to secure a beautiful apartment in an inner Melbourne suburb.
Property boasts 2 x communal rooftop terraces and Gymnasium-
pproximate Owner Outgoings:
Council Rates: $980 per annum approx.
Water Rates: $950 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1180 per annum approx.
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