Sold: Lot 2, Trinity House, TAS
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
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