7.13% Rent Return with rooftop and MCG views.
An opportunity to secure a beautifully refurbished investment apartment in the ever demanding "hot spot" of East Melbourne.
A very spacious double- studio, complete with couch & dining area, 2 x built in study nooks and glimpses of the MCG lights from your room.
The building also boasts a rare rooftop terrace with stunning 360 degree views of inner surrounds.
Completely refurbished in 2014 nothing to do but sit, relax and enjoy the rental income stream in an ever demanding pocket of East Melbourne.
Current Rent: $493 per week ($25,672 annum)
Rent Increases: Scheduled 4% increases.
Current Gross Return: 7.13%
Lease Terms: Lease to to 5/8/2017 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due August 2017)
Approximate Owner Outgoings:
Council Rates: $1280 (2015/16)
Water Rates: $970.00 pa (approx)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1500 p/a (approx 翻译中文