Lot 413/616 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, under al long term lease with Quest- with no refurbishments due and 4% rental increases until 2021.
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.
• Onsite facilities include Gymnasium, and rooftop terraces. North Facing apartment with a pleasant outlook onto surrounding buildings and Glenferrie shopping strip.

Lease Details
Current Rent: $461.90 per week ($24,018.69 pa)
Next Rent Increase: May 2018
Current Return: 6.86 % Gross
Further increases as follows:
May 2018: - 7.13%
May 2019: - 7.41%
May 2020: - 7.71%
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: $1017.44
Water Rates: $860.00
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $857 p/a

Hassle free, long term investment solution.