Lot 314/616 Glenferrie Road, Hawthorn, Vic 3122

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

Lease Details
Current Rent: $413 per week ($21,478.60 pa)
Next Rent Increase: May 2018
Current Return: 6.60 % Gross
Further increases as follows:
May 2018: - 6.86%
May 2019: - 7.13%
May 2020: - 7.42%
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)

Cosmopolitan studio apartment, modern bathroom and kitchen- Its a fantastic, stress free, well maintained addition to your portfolio.

*** Please note photos are generic and may not be of exact lot-
Floor plan and layout identical***

• Onsite facilities include Gymnasium, and rooftop terraces. North Facing apartment with a pleasant outlook onto surrounding buildings and the iconic Immaculate Conception Catholic Church.