Secure Investment Leased to Quest Apartment Hotels
Secure Investment leased to Quest Apartment Hotels
Cosmopolitan studio apartment, positioned along the renowned Glenferrie Road Hawthorn shopping precinct. Fully furnished, with Balcony, Study nook, modern Kitchen and Bathroom. This is a fantastic, stress free, well maintained addition to your property portfolio. With amenities such as cafes, restaurants, boutique retailers all at your fingertips and only a short tram or train trip to the City, this property is a must have.
Within close proximity to Hawthorn's universities, Immaculate Conception Catholic Church, major hospitals both Epworth & Glenferrie Private and only a short tram trip to Melbourne CBD, MCG, Rod Laver Arena and Richmond's China town precinct.
Onsite facilities include gymnasium and 2x rooftop terraces.
Current rent $324 per week ($16,865 pa) (5.8% Yield)
Next Rent Increase: May 2018
Rent increases to $337 per week ($17,539 pa) (6.04% Yield)
4% rent increase thereafter until 2021
Lease Terms: Lease to 30/05/2021 plus 4 x 5 Year options