Well-known Quest Hotel Service Apartment Investment Opportunity with Over 6% Gross Rent
- Quest Hawthorn long-term lease contract 5x5x5 option for 15years
- Current rental income:$551 per week ($28662.4 p.a)
- Rental growth:4% per annum (review every 5 year)
• Only 7km from Melbourne CBD, perfectly located on Glenferrie Road thoroughfare. Few minutes walking distance to interesting shops, multucultural cafes and restaurants, supermarkets, Swinburne University and Glenferrie train station. It is a suburb idealily blends urban convenience and lush, leafy living lifestyle.
• Independence is the main demography in Hawthorn with nearly 50% of the population followed by another 30% of mature family. The property price has jumped up more than 50% in the last decade. Potential business growth can be foreseen contributed by its well-connected public transportation, and its vivid and bustling strip of life experience.