2/149 Brooker Avenue

Glebe TAS 7000

2 bedrooms + study.
Entertainers terrace overlooking Mount Wellington.
Fully refurbished kitchen with brand new cabinetry, bench tops, stainless steel cooking appliances and dishwasher.
New carpet and paint
Set among stunning established gardens and buildings including the restored and heritage listed 'Trinity House' circa 1840 and 'Christ College' circa 1929.
A popular destination for tourists with crowds flocking to Salamanca market each Saturday along with a number of developments and infrastructure upgrades to the city and surrounds the property boasts both leisure and corporate occupancy.
Lease Details
Current Rent: $410.32 per week ($21,336.84 per annum)
Next Rent Increase: February 2018
Current Return: 6.79 % Gross
FIXED INCREASES:
Feb 2018- $22,190- 7.06% Gross
Feb 2019- $23,077- 7.34% Gross
Feb 2020- $24,001- 7.63% Gross
Feb 2021- Market Review
Lease Terms: Lease to February 2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
Formal lounge area, large bedrooms and bathroom all situated amongst landscaped gardens, complete with pond and bbq retreats, it offers a complete contrast to the standard commercial nature opportunities.
A unique opportunity to secure a tightly held piece of real estate in the historic grounds of Glebe, Tasmania.
A fantastic addition to your portfolio.
** PLEASE NOTE**
During the term of this lease 1 x bathroom upgrade will be called upon.
Some of the images contained may be generic to the property
Approximate Owner Outgoings:
Council Rates: $1443.75 pa
Water Rates:$880 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1100.00 pa
TAS Land Tax thresholds will apply please see the link for more information: State Revenue Office Tasmania}