Entry Level Investment with good Rental Yield

**INVESTORS ONLY**
Situated a short 6km from the CBD, the suburb of Hawthorn is considered one of Melbourne's most affluent and blue chip.
Only 8 years old, complete with 2 large communal entertainers balconies & situated on Glenferrie Road, with shopping, cosmopolitan cafes, restaurants and night life at your doorstep.
Surrounded by Universities, major hospitals, private colleges and only a short tram trip to Melbourne's major sporting areas and city events.
Onsite facilities include Gymnasium, and independant cafe downstairs
A unique opportunity to secure a beautiful apartment in an inner Melbourne suburb.
Front facing studio apartment with kitchenette and bathroom. Bi Fold Doors opening out to Glenferrie Road.

Lease Details:
Current Rent: $387 per week - $20,156 pa
Current Return: 7 % Gross - 5.88%- Net
INCREASING by 4% in MAY 2020 to: $403 per week - $20,962 pa
Return as of May 2020: 7.28% Gross

Lease Terms: Lease to 29/05/2021 plus 4 x 5 Year options
Rent Reviews and Increases:
4% yearly - with market rent reviews every 5 years (next due May 2021)

Approximate Owner Outgoings:
Council Rates: $1028 per annum
Water Rates: $1000 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1184 per annum