105/48-54 Wellington ParadeEast Melbourne VIC 3002
Property Details for 105/48-54 Wellington Pde, East Melbourne
105/48-54 Wellington Pde, East Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1939. The property has a land size of 767m2 and floor size of 37m2. While the property is not currently for sale or for rent, it was last sold in December 2017.
Last Listing description (February 2018)
An opportunity to secure a beautiful heritage rich apartment in the ever demanding 'hot spot' of East Melbourne.
A very spacious studio, cosmopolitan kitchen that was recently updated. Chic and stylish, bedroom alcove, large kitchen and study area, lounge with sofa and dining table.
Rooftop with views across Melbourne.
Current Return: 6.30%
Rent Increases:
August 2018- $21,312- 6.55%
August 2019- $22,165- 6.81%
August 2020- $23,051- 7.08%
August 2021- $23,973- 7.37%
Lease Terms: Lease to August 2022 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due August 2017)
Walking distance to Yarra Park, The MCG, Olympic Park/ Tennis, Richmond, China Town, Collingwood or the CBD.
The building also boasts a rare rooftop terrace with stunning 360 degree views of Melbourne CBD, Richmond & surrounds.
Completely refurbished in 2014 nothing to do but sit, relax and enjoy the rental income stream in an ever demanding pocket of East Melbourne.
Council Rates: $1320 p/a (approx)
Water Rates: $970.00 pa (approx)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1756 p/a (approx)
Property History for 105/48-54 Wellington Pde, East Melbourne, VIC 3002
- 22 Dec 2017Sold for $326,000
- 29 Nov 2017Listed for Sale Not Disclosed
- 06 Nov 2015Listed for Sale $315,000
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