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Sold: Lot 2, Trinity House, TAS

Sold: Lot 2, Trinity House, TAS

2+ Study Bedrooms 1 Bathrooms Year Built: 1991

Quest Trinity House is nestled in the quaint suburb of Glebe, only a moments walk to Hobarts CBD, Waterfront and Constitution Dock, Salamanca Place, North Hobart restaurant precinct, sporting venues .

A unique double storey townhouse Glebe investment featuring:

  • 2 bedrooms + study.
  • Entertainers terrace overlooking Mount Wellington.
  • Fully refurbished kitchen with brand new cabinetry, bench tops, stainless steel cooking appliances and dishwasher.
  • New carpet and paint
  • Set among stunning established gardens and buildings including the restored and heritage listed ‘Trinity House’ circa 1840 and ‘Christ College’ circa 1929.

A popular destination for tourists with crowds flocking to Salamanca market each Saturday along with a number of developments and infrastructure upgrades to the city and surrounds the property boasts both leisure and corporate occupancy.

Lot Asking Price Status Gross Return Net Return Weekly Rent Annual Rent
Lot 2 $331, 250 Sold 6.79% 5.70% $410.32 $21,336.84

Next Rent Increase: February 2018
Current Return: 6.79 % Gross
FIXED INCREASES:
Feb 2018-  $22,190-   7.06% Gross
Feb 2019-  $23,077-   7.34% Gross
Feb 2020-  $24,001-   7.63% Gross
Feb 2021-  Market Review

Lease Terms: Lease to February 2021 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)

Approximate Owner Outgoings:
Council Rates: $1443.75 pa
Water Rates:$880 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund:  $1100.00 pa

 

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