102/353 Springvale Road, Glen Waverley, Vic 3150

**INVESTORS ONLY**
Set within walking distance to the Glen Waverley restaurant precinct, Monash City Council, Holmesglen Tafe, Glen Waverley Station and The Glen Shopping centre there are all manner of amenities at your doorstep.
The apartment is a twin key design which consists of a studio side with a bathroom, small kitchenette and split system air conditioning. The other half consists of a full size one bedroom apartment with lounge, full size kitchen including dishwasher, oven and cook top, bathroom, balcony, split system air conditioning and internal laundry facilities

Lease Details:
Current Rent: $666 per week ($34,649 per annum)
Next Rent Increase: 8th December 2019
Current Return: 6.59% Gross / Net 6.03%
Lease Terms: Lease to 07/12/2023 plus 3 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due December 2023)

Approximate Owner Outgoings:
Council Rates: $1245 per annum approx.
Water Rates: $700 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1008 per annum approx.