East Melbourne Median PriceThe House price is 85% higher than last year. Surrounding suburbs | A402/153 Wellington Parade South, East Melbourne | |
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Map | Nearby prices | Property Description: | Inner Melbourne Investment *INVESTORS ONLY - HIGH RENT, LONG LEASE, GREAT LOCATION Big and spacious, this 2 bedroom apartment is only minutes walk from the MCG and the magnificent Fitzroy Gardens. Superbly located and offering investors peace of mind with a secure long lease and some refurbishments being done by the tennant, this apartment truely is a set and forget investment. Lease to 6/7/2019 plus 4 x 5 year options Returning $22,125 per annum ($425 per week) - 6.3% 5% Built In Rent Increases for the next 4 years: July 2015 - 2016 $23,231pa (6.63%) July 2016 - 2017 $24,392pa (6.96%) July 2017 - 2018 $25,611pa (7.31%) July 2018 - 2019 $26,891pa (7.68%) July 2019 - market rent review - followed by 4% annual increases for the next 5 year term. Appromiate Outgoings: Council Rates: $1266 per annum Water Rates: $635 per annum Sinking Fund: $1004 per annum | Search neighbour's planning permit | Property report from Government |
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