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Sold: Echuca VIC

Sold: Echuca VIC

7.8%  2 Bedrooms 2 Bathrooms 1 Garage

Prime Regional Location – High Return Secure Investment

Outstanding investment opportunity with bricks and mortar security. Long term lease to Quest with options to 2038. Busy Quest location year round with no tenant hassles, rents paid direct by Quest Echuca regardless of occupancy, no agent fees, no management fees and the OC Admin fees paid by your tenant.

Built in 2008 and being offered for sale for the first time as individual strata titled investment apartments, the highly successful Quest Echuca is centrally located in the heart of town with all that Echuca has to offer within easy reach. Boasting great shopping, excellent restaurants, bars and the Murray River with its historic port area and iconic paddle steamers only minutes walk away. The property stands apart from it’s competition by offering stylish two and three bedroom twin key apartments, excellent conference facilities, solar heated outdoor pool and BBQ area, onsite car park on title. Catering for the corporate traveller during the week and holiday makers during the weekends and school breaks. Each apartment features a fully equipped kitchen with dishwasher, built-in robes, main bathroom plus ensuite, air conditioning, laundry facilities, balcony or terrace and a car park.

Fast Facts

  • Purpose Built 2008 as a Quest serviced apartment complex.
  • Lease to July 2018 plus 4×5 year options (Option for 2018 will be exercised)
  • Rent Increases by 4% again in July 2017. Market rent review July 2018
  • New carpets and internal repainting completed 2014.

Approximate Owner’s Outgoings (sample 2 BR apartment):

  • Council Rates $2700 pa
  • Water rates $880 pa
  • Owner’s Corporation Maintenance Fund $1240 pa
  • Owner’s Corporation Administration fee – paid by Quest Echuca
  • Building Insurance – Paid by Quest Echuca
Apartment Asking Price Bedrooms % Return Weekly Return Annual Return
LOT 1 SOLD 2 7.8% $562 $29,206
LOT 2 SOLD 2 7.8% $562 $29,206
LOT 3 SOLD Conference 9.33% $269 $14,000
LOT 4 SOLD Reception 9.33% $269 $14,000
LOT 101 SOLD 2 7.8% $586 $30,496
LOT 102 SOLD 2 7.8% $586 $30,496
LOT 103 SOLD 2 7.8% $586 $30,496
LOT 104 SOLD 3 7.8% $639 $33,243
LOT 105 SOLD 3 7.8% $639 $33,243
LOT 106 SOLD 2 7.8% $586 $30,496
LOT 107 SOLD 2 7.8% $586 $30,496
LOT 108 SOLD 2 7.8% $586 $30,496
LOT 109 SOLD 2 7.8% $578 $30,042
LOT 110 SOLD 2 7.8% $578 $30,042
LOT 201 SOLD 2 7.8% $600 $31,178
LOT 202 SOLD 2 7.8% $600 $31,178
LOT 203 SOLD 2 7.81% $624 $32,425
LOT 204 SOLD 3 7.8% $664 $34,534
LOT 206 SOLD 2 7.81% $624 $32,425
LOT 207 SOLD 2 7.81% $624 $32,425
LOT 208 SOLD 2 7.81% $624 $32,425
LOT 209 SOLD 2 7.81% $624 $32,425
LOT 210 SOLD 2 7.81% $616 $32,030
LOT 301 SOLD 2 7.81% $627 $32,616
LOT 302 SOLD 2 7.81% $627 $32,616
LOT 304 SOLD 2 7.81% $634 $32,976
LOT 305 SOLD 2 7.8% $634 $32,976
LOT 306 SOLD 2 7.81% $627 $32,616
LOT 307 SOLD 2 7.81% $627 $32,616
LOT 308 SOLD 2 7.81% $627 $32,616

 

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