203/5-9 Studley Park Road, kew
8.4% Yield in prestigious Kew - Investors Only
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!
Suburb Profile kew
Kew East is located 8 km east of the CBD. Bounded by Burke Road in the east and the Yarra River in the north Kew East has a well educated population with a high proportion of people employed as managers administrators and professionals (45%). The suburb is primarily residential in nature with a significant commercial centre along High Street. The suburb also features Hays Paaddock and the Kew and Greenacres Golf Clubs.More about this suburb