$365,000 - $395,000

407/616 Glenferrie Road,Hawthorn VIC 3122


Cash machine 7.3% plus yield

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.

Features include: Study, Dishwasher, Built-in Robes, Gym, Broadband, Pay TV, Ducted Heating, Ducted Cooling
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Key Details

Property Type:Apartment
Stamp Duty:$13,870
Galldon Real Estate

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            Hawthorn Suburb Information

            Average Age
            32 years
            Hawthorn Profile
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            Contact agents

            Galldon Real Estate

            Galldon Real Estate

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            Vincent DuongGalldon Real Estate
            Don GallicchioGalldon Real Estate
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            This listing has been viewed 4 times. It was first displayed on 07/10/19 and last updated on 11/11/19.