26/741 Whitehorse Road, Mont Albert, Vic 3127
Sold: $285,000 (05-08-2015)- hotel 1
- hot_tub 1
- directions_car 1
**Investors Only**
Located within walking distance to The Box Hill Institute, Box Hill Hospital, Box Hill Central and Box Hill Town Hall, this apartment's location cannot be beaten. With all manner of public transport options such as Trains, Buses and a Tram stop out the front, guests and visitors will have no trouble getting around.
The apartment is spacious and consists of an open plan living/dining room, fully equipped kitchen, a bathroom with laundry facilities, private balcony and a car park on title.
Recently refurbished with new carpets and paint, this is an investment opportunity that should not be missed.
Current Rent: $361 per week ($18,807p/a)
Current Return: 6.7%
Lease Terms: Lease to 28th September 2018 with 6 x 5 Year Options
Rent Increases: 4% per annum (Rent review at 5th year, next due Sept 2018)
Owners Outgoings:
Council Rates: $800 per annum (approx. - based on previous apartments)
Water Rates: $700 per annum (approx. - based on previous apartments)
Sinking Fund: $575 per annum (approx.)
Body Corporate Admin Fee: Paid By Tenant