208/37-39 Station Road, Cheltenham, Vic 3192

**INVESTORS ONLY**
This apartment is a 14-minute walk from Westfield Southland shopping centre, 300m from Cheltenham train station and 4.3 km from Beaumaris Beach.
The building is only 5 years old and has been impeccably maintained. With rent review due on the 27th January 2016, there is an offer to maintain the current rent for the following 12 months, followed by 4 years of 4% rental increases before next review (2021), in exchange for an extra 3 x 5 year options.

The apartment consists of 2 bedrooms, 2 bathrooms (en-suite to master), spacious lounge/dining area, stainless steel appliances, split system air conditioning and 2 balconies (one off master bedroom)

Current Rent: $532 per week ($27,671 per annum)
Next Rent Increase: 28th Jan 2017
Current Return: 6.75% Gross / Net 6.26%
Lease Terms: Lease to 27/1/2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2016 - Offer to maintain current rent for 12 months)