Lot 505/616 Glenferrie Road, Hawthorn, Vic 3122

Only 6 year old and situated on Level 5, this immaculate apartment boasts uninterrupted views to Glenferrie road shopping precinct, iconic Immaculate Conception Catholic Church and the Town Hall Gallery.

Situated 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: $506 per week ($26,321.77 pa)
Next Rent Increase: May 2018
Current Return: 6.34% Gross
Further increases as follows:
May 2018: - $27,374 - 6.60%
May 2019: - $28,469 - 6.85%
May 2020: - $29,608 - 7.13%
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. Level 5 with bright northerly aspect.Its a fantastic, stress free, well maintained addition to your portfolio.

Approximate Owner Outgoings:
Council Rates: $1200.00 per annum
Water Rates: $820.00 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $933.00 per annum