408/616 Glenferrie Road, Hawthorn, Vic 3122

FIXED 4% RENTAL INCREASES UNTIL 2021.
2 X Communal Rooftop Terraces!

Situated on level 4- this 6 year old apartment is nestled among Glenferrie road shopping, cafe and restaurant precinct. A near new investment apartment, with no refurbishments due and 4% increases until 2021.
Modern bathroom and kitchen divide the bedroom and living areas providing guests with a comfortable home away from home in the heart of Hawthorns major shopping, dining and entertainment precint.

Within walking proximity to Hawthorn's Universities, major
hospitals, private colleges and a short tram trip to Melbourne CBD, MCG, AAMI Park and Rod laver arena.

Current Rent: $493.53 per week ($25,663.75 pa)
Next Rent Increase: May 2018
Current Return: 6.75 % Gross
Further increases as follows:
May 2018: - 7.02%
May 2019: - 7.30%
May 2020: - 7.59%
Lease Terms: Lease to 30/05/2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)

Approximate Owner Outgoings:
Council Rates: $1160.00 pa
Water Rates: $860.00 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $930 p/a