111/353 Springvale Road, Glen Waverley, Vic 3150

**INVESTORS ONLY**
Located in the highly sought after suburb of Glen Waverley, we have on offer a 7 year young 1 bedroom apartment, with carpark on title. This mix use building is within walking distance to the Glen Waverley restaurant precinct, the highly popular Glen Waverley High School, Monash City Council, Holmesglen Tafe, Glen Waverley Station and The Glen Shopping Centre. With all manner of amenities at your doorstep and boasting stainless steel appliances, double glazed windows, decent sized balcony and a secure undercover carpark this opportunity will not last long.
Current Rent: $429 per week ($23,312 per annum - as of 8/12/2015)
Next Rent Increase: 8th December 2017
Current Return: 6.76% Gross / Net 6%
Lease Terms: Lease to 07/12/2018 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2018)
Council Rates: $954 per annum
Water Rates: $168 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1475 p/a
*All measures have been taken to make sure that the figures quoted are accurate but it is the responsibility of the purchaser to do their own due diligence in checking these figures