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324/616 Glenferrie Road

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$290,000

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Svetlana Hudson

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. Lease Details 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

Property Type: Apartment
  • Aircon
  • Dishwasher
  • Heating
  • Balcony
Svetlana Hudson

Inspection & auction times

Are you looking to sell a property?
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Are you looking to sell a property?

  • Save thousands in fees
  • Full service, agent-managed sale
  • 24/7 online platform
  • Fixed fee of $7,500 including marketing