**INVESTORS ONLY**","Situated a short 6km from the CBD, the suburb of Hawthorn is one of Melbourne's most affluent and blue chip suburbs.","Only 8 years old, complete with large entertainers balcony \u0026 situated on Glenferrie Road, with shopping, cosmopolitan cafes, restaurants and night life at your doorstep.","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.","","LEASE DETAILS:","Rent: $445 per week ($23,169 per annum)","Return: 7.35% Gross / 6.2% Net","Rent Increases as follows:","30/05/2019 - $24,096 - 7.65% Gross","30/05/2020 - $25,060 - 7.95% Gross ","30/05/2021 - Market Review","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)","","APPROX OWNER OUTGOINGS:","Approximate Owner Outgoings:","Council Rates: $1052 per annum approx.","Water Rates: $1088 per annum approx.","Body Corporate Administration fee: Paid by tenant","Body Corporate Sinking fund: $1427 per annum approx.