610/616 Glenferrie Road, Hawthorn VIC 3122

The ultimate in ‘Set and Forget’ investments which has a place in the standout Quest Hawthorn apartment complex literally a stone’s throw to all the exciting shops and restaurants of Glenferrie Road, this wonderful studio apartment is ready to be seized by savvy investors. This fully-furnished property offers fantastic returns along with a secure lease which has the potential to be extended as you go. This north-facing apartment is stylish and modern, and offers relaxed sleeping and living space, northern balcony, kitchenette with s/steel appliances, sleek bathroom, and heating and cooling. There is also a communal BBQ terrace on the same floor, while Quest Hawthorn gives you access to a 24 hour reception, gym, and secure parking options. You have the delightful Jane & Co café on the ground floor, while you’re a short walk to amazing eateries, supermarkets, and Lido Cinemas, Hawthorn Aquatic and Leisure Centre, Swinburne University, Grace Park, Hawthorn Library, trams, and Glenferrie Station.

• Rental income per annum - $21,181.44 excluding GST
• The lease ends on 29/05/2021 with 3 further options of 5 years to renew.
• Rental Increase schedule – Fixed 4% increase every year
• Next market rent review due – At the end of every option (29/05/2021)
• Council Rates - $ 933.85 per annum
• Body Corporate - $1,127.11 per three months (approx.)

Inspection by appointment