High Return Investment Opportunity 34/745 Whitehorse Road, Mont Albert **INVESTORS ONLY** Located within walking distance to The Box Hill Institute, Box Hill Hospital, Box Hill Central and Box Hill Town Hall, this apartment's location cannot be beaten. With all manner of public transport options such as Trains, Buses and a Tram stop out the front, guests and visitors will have no trouble getting around. A 2 bedroom apartment with main bathroom and en-suite, full kitchen facilities, internal laundry facilities and balcony. **Please note that there are further refurbishment works still due for this apartment, please see refurbishment link above to download scope and estimated costs, painting and carpet has been completed with remaining works as proposed by tenant as follows: Year 1 - Add safety rail to shower/bath Year 2 of Current Term - Stone overlay on Kitchen Benchtop Year 3 of Current Term - Kitchen Joinery and drawer system, Stone splashback, re-tile kitchen floor Next Term - Repaint Ceilings Total cost remaining per refurbishment schedule $6401 which is subject to change. Lease Details: Current Rent: $507 per week ($26,388.45 per annum) Next Rent Increase: 29th September 2019 Current Return: 6.87% Gross / Net 6.24%*** Increases as follows; 29/9/19: +2.5% - $27,048.16 / 7% Gross 29/9/20: +4% - $28,130.09 / 7.33% Gross 29/9/21: +4% - $29,255.29 / 7.62% Gross 29/9/22: +4% - $30,425.50 / 7.92% Gross 29/9/23: Market Review Lease Terms: Lease to 28/09/2023 plus 5 x 5 Year options Rent Increases: 2.5% in 2019 and 4% in 2020, 21, 22. Market review in 2023. ***Refurbishment costs not factored into Net Yield*** Approximate Owner Outgoings: Council...