202/48-54 Wellington Parade

East Melbourne VIC 3002

Lease Details:
Current Rent: $369 per week $19,188 per annum
Current Return: 6.66% Gross / Net 5.22% Net

SET RENTAL INCREASES AS FOLLOWS
August 2024 + 4% increase= $19,955 pa - 6.93%
August 2025 + 4% increase= $20,753 pa - 7.21%
August 2026 + 4% increase= $21,583 pa - 7.50%
August 2027 = Market Review.

Lease Terms: Lease to 5th August 2027 with 3 x 5 yr options.
Rent Increases: 4% Increases yearly with market rent reviews every 5 years (next due 2027)

Spacious studio with kitchenette, sitting/ dining room and inbuilt desk area with storage and ensuite style bathroom. Boasting period features with timber french doors and gorgeous front facing Juliet style balcony with outlook to Weedon Reserve,

A beautiful building that displays heritage features such as sash windows and stunning exterior curved glazing and banded brickwork, typical of the art deco buildings within prestigious East Melbourne.

Approximate Owner Outgoings:
Council Rates: $1123.00 per annum
Water Rates: $1059 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1986 per annum

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The information contained has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.