402/153-155 Wellington Parade South, East Melbourne, Vic 3002

*INVESTORS ONLY - HIGH RENT, LONG LEASE, GREAT LOCATION

Big and spacious, this 2 bedroom apartment is only minutes walk from the MCG and the magnificent Fitzroy Gardens. Superbly located and offering investors peace of mind with a secure long lease and some refurbishments being done by the tennant, this apartment truely is a set and forget investment.

Lease to 6/7/2019 plus 4 x 5 year options
Returning $22,125 per annum ($425 per week) - 6.3%

5% Built In Rent Increases for the next 4 years:
July 2015 - 2016 $23,231pa (6.63%)
July 2016 - 2017 $24,392pa (6.96%)
July 2017 - 2018 $25,611pa (7.31%)
July 2018 - 2019 $26,891pa (7.68%)
July 2019 - market rent review - followed by 4% annual increases for the next 5 year term.

Appromiate Outgoings:
Council Rates: $1266 per annum
Water Rates: $635 per annum
Sinking Fund: $1004 per annum