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Sold - Lot 21, Wagga Wagga, NSW

Sold – Lot 21, Wagga Wagga, NSW

7.2%  88  2 Bedrooms 2 Bathrooms Year Built: 2005

As one of largest regional cities in NSW, and the capital of the Riverina, Wagga Wagga is often referred to as the Garden City with its tree-lined streets, sculpted parks and award-winning gardens.
Wagga Wagga’s economic environment provides an excellent place for businesses to develop and prosper with easy
access to transport infrastructure such as the Wagga Wagga Airport and National Highways linking the City with the rest of Australia.
Quest Wagga Wagga is ideally located in the business district of town.

Lot Asking Price Status Net Return Weekly Rent Annual Rent
Lot 23 $436,000 SOLD 7.20% $604.20 $31,418.84

Current Rent: $604.20 per week ($31,418.84 per annum)
Next Rent Increase: 1st December 2017
Current Return: 7.2 % Return.
Increasing return:
Dec 2017: 7.48%
Dec 2018: 7.78%
Dec 2019:  8.09%

Lease Terms: Lease to 30/11/2020 with 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

(Please note images are generic and may not be of actual lot).

Approximate Owner Outgoings:
Council and Water Rates: $1458 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $390 p/a
Upstairs Apartment, approximately 88m2 internal plus 10m2 balcony and carpark

 

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