516/616 Glenferrie Road, Hawthorn, Vic 3122

Cosmopolitan studio apartment, like new only 6 years old.
With 4% increases until 2021, modern bathroom and kitchen with dining and study provisions.- Its a fantastic, stress free, well maintained addition to your portfolio.

Situated on Level 5, this immaculate apartment is located in the highly desired blue chip suburb of Hawthorn, with all amenities at your doorstep including tram, cafes, restaurants and only a short tram ride to MCG, AAMI Park and Rod Laver Arena.

Onsite facilities include Gymnasium, and 2 communal rooftop terraces. North facing apartment.

Current Rent: $394.82 per week ($20,531.01 pa)
Next Rent Increase: May 2018
Current Return: 6.45% Gross
Further increases as follows:
May 2018: - $21,352.25 Return: 6.70%
May 2019: - $22,206.34 Return: 6.97%
May 2020: - $23,094.00 Return: 7.25%
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: $980.00
Water Rates: $780.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $769.00 p/a