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!
Recent Sales in kewSales Data supplied by REIV
|Address||Bedrooms||Price||Property Type||Sale Type|
|4 Banool Av, kew||4||House (Res)||Passed in Vendor Bid|
|4/67 Earl St, kew||3||Townhouse (Res)||Auction Sale|
|2/29 Mary St, kew||2||Apartment||Auction Sale|
Suburb Profile kew
Kew is located 6 km east of the CBD. Located in Melbourne's inner east Kew is an affluent residential suburb that has a large proportion of high income households. The Yarra River bounds its western side while the Eastern Freeway bounds the north. Kew also has significant numbers of medical institutions such as the Caritas Christi Hospice the Henry Pride Geriatric Centre and Kew Residential Services. The suburb also features Studley Park and the Boroondara Cemetery.More about this suburb