$330,000
1 Bed • 1 Bath • 0 Car
New
Sold
Sold
407/616 Glenferrie Road, Hawthorn VIC 3122
$330,000
- 1Bed
- 1Bath
- 0 Car
Serviced Apartment Sold on Thu 21 Nov, 2019
What's around Glenferrie Road
Serviced Apartment description
“Cash machine 7.3% plus return on investment.”
Gross return 7.3%; Net return 6.46%; 4% annual increases (based on purchase of $365,000).
Here presents a rare opportunity to purchase a one bedroom apartment located in the thriving locale of Hawthorn, right in the central hub of Glenferrie Road. This apartment is securely leased to the renowned Quest Apartments, offering a guaranteed rental yield of $26,690 per annum with 4% annual increases and 4 further options of 5 years each term.
The tenant, Quest Apartments have a proven record since beginning with a single complex in Fitzroy in 1988, from which they have grown to manage 170 properties across Australia, New Zealand and Fiji. You can be sure that your secure investment will be well looked after with regular housekeeping and maintenance carried out by Quest employees.
The contemporary residence on offer boasts a prime location like no other, adding to capital growth and just a few steps away from busy cafes, trendy bars, bustling restaurants, and the renowned Swinburne University. Plus, with such convenient access to trams & Glenferrie Train Station, the lifestyle on offer here is unbeatable. Guests will also enjoy access to the rooftop terrace, barbeque, and lounge areas.
Property features
Broadband
Built-in Robes
Dishwasher
Ducted Cooling
Ducted Heating
Gym
Pay TV
Study
Building details
What's around Glenferrie Road
Contact the real estate agent
Vincent Duong
Galldon Real Estate
Send an enquiry
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