203/5-9 Studley Park Road Kew VIC 3101

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8.4% Yield in prestigious Kew - Investors Only

203/5-9 Studley Park Road, Kew
A solid investment in the heart of leafy Kew delivering a current gross return of 8.4% pa and a superb net return of approx 6.9% pa . This spacious studio apartment is securely leased to Quality Suites Serviced Apartments and contains a kitchenette with A/C, separate bathroom and secure car space on title.

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!
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Last updated 03:12PM on Oct 20th 2017
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Woodards Camberwell

Level 3, 277 Camberwell Road
Camberwell VIC, 3124

Agent Information

More property from Woodards Camberwell
613/35 Albert Road105A/71 Riversdale Road609/3-9 Studley Park Road802/3-9 Studley Park Road203/5-9 Studley Park Road1209/6 Leicester Street

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Woodards Camberwell

Level 3, 277 Camberwell Road
Camberwell VIC, 3124
More property from Woodards Camberwell
613/35 Albert Road105A/71 Riversdale Road609/3-9 Studley Park Road802/3-9 Studley Park Road203/5-9 Studley Park Road1209/6 Leicester Street
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