802S/750 Bourke Street

Docklands VIC 3008

Built in 2005 and in December 2015 underwent refurbishment works which included LED down lights, a new split system air conditioner in the bedroom, new cook top and stone overlays on the kitchen and bathroom bench tops.

The apartment is a twin key design and consists of a full size one bedroom apartment and small studio apartment. The full size one bedroom apartment is fully equipped kitchen with electric hotplate, oven and dishwasher, bedroom with built-in robes, study nook, laundry facilities and a balcony with views down Bourke Street while the studio has a bathroom and small kitchenette.
Current Rent: $769 per week ($40,018 per annum)
Next Rent Increase: 8th September 2018
Current Return: 7.5% Gross / 6.7% Net
Rental Increases as follows:
2018 - $41,618 - 7.85%
2019 - $43,283 - 8.16%
Lease Terms: Lease to 07/09/2020 plus 7 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

Approximate Owner Outgoings:
Council Rates: $1772 p/a approx
Water Rates: $1000 p/a approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1335 p/a approx