This ones a steal.
Two normal basement car parks.
Three storage cages on title.
Three.
At this point you're basically buying a small logistics facility with an apartment upstairs.
And the apartment happens to sit 11 floors up on the north-east corner.
No building pressed up against you.
No neighbour looking in.
Just ridiculous privacy, huge views and sunlight doing laps of the apartment all day.
Morning starts in the kitchen with the sun coming up over the east.
Coffee on.
Hawthorn waking up underneath you.
Very civilised.
Almost suspiciously so.
Then the northern light takes over and hangs around through the day.
Living room.
Balcony.
Bedrooms.
Basically everywhere you actually want it.
And because you're tucked away on the corner, you get all those windows and views without making accidental eye contact with someone while eating toast like a raccoon.
The second bedroom even gets full floor-to-ceiling glass.
A frankly unnecessary level of glamour for the room your mate sleeps in twice a year.
Now, back downstairs.
Most apartments give you one cage the size of a microwave and suggest you be grateful.
Here you can have bikes, golf clubs, suitcases, boards, spare chairs and an entire cage dedicated to things you refuse to throw out because "we might need that".
Location is equally stupid.
Axil is three minutes away.
Glenferrie Station in two.
Swinburne next door.
Rocket Park around the corner.
Leaf Store five minutes away for an organic juice with the financial confidence of a tasting menu.
And if you're looking at this from Sydney or Brisbane with a calculator open, here's your little plot twist.
Potentially $800 a week in rent.
That's roughly a 6.7% gross rental yield.
In Hawthorn.
With two car parks.
And three storage cages.
You may now close the spreadsheet
Finer Details
Owners Corporation Fees: $5,960 per annum (approx.)
Council Rates: $1,126 per annum (approx.)
Water Rates: $785 per annum (approx.)
No. In Building: 1 of 102
Internal Size: 70 sqm
Year Built: 2003
Rental Appraisal: $750 - $800 per week
Owner Occupied vs Rented: 50/50
Title: Strata
Deposit: 5-10%
Settlement: 30 - 45 Days
