203/5-9 Studley Park Road Kew VIC 3101
8.4% Yield in prestigious Kew - Investors Only203/5-9 Studley Park Road, Kew
Only 6km from the CBD and conveniently located at the cosmopolitan and vibrant hub of Kew Junction it is no wonder that this property is appealing to business and leisure travelers alike.
With a long term tenant in place and a guaranteed rental income, this property presents an ideal superannuation investment or a worthy addition to an investment portfolio.
Leased till 30th April 2020 with a further 3 x 5 years term options
Current annual rent: $17,787.92 pa ($1,482.33 monthly)
Rental increase: 4% annually during the term
Owner's Outgoings: Water rates : $1,022.34 (approx), Council rates: $838.75(approx), Owner's Corporation fees: $1,376.09 (approx)
Total $3,237.18 (approx)
- Gross return on investment: 8.4% pa
- Net return on investment: 6.9% pa
Don't miss out on this great opportunity to secure this investment property! Contact us today to arrange for an inspection!
- No inspections scheduled
- Contact Agent
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Real Estate For Sale in Kew, VIC 3101 priced between $150,000 and $270,000