49/72-84 Upper Heidelberg Road, Ivanhoe, Vic 3079

Located in the Ivanhoe shopping and cafe strip with the Austin Hospital, Mercy Hospital, Ivanhoe Station and the golf course only a short distance away the location of this apartment is hard to beat. Built in 2008 the apartment is a large one bedroom apartment with a car park on title, a very large alfresco style balcony, a fully equipped kitchen, internal laundry facilities and split system heating and cooling. The apartment has also been recently painted and carpeted.

Lease Details:

Current Rent: $459 per week ($23,877 per annum)
Next Rent Increase: 24th November 2017
Current Return: 7.02% Gross / Net 6.26%
Lease Terms: Lease to 23/11/2018 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2018)

Approximate Owner Outgoings:

Council Rates: $828 per annum
Water Rates: $650 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1110 per annum