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Bendigo, VIC

Bendigo, VIC

2 Bedrooms 2 Bathrooms Year Built: 2000

 

Bendigo is a  vibrant and contemporary regional town in Victoria with a growing population of 110,000.
Well known for its large economic employment base, together with a rich history dating back to the gold rush- Bendigo won the prestigious Australian Tourism Award in 2011 and 2012.
Lot 30 is a spacious 2 bedroom apartment with full ensuite to master, large living consisiting of lounge & dining, outdoor balcony & carpark on title.
Recently updated with new carpet, paint and kitchen benchtop & splashback tiles. 

Top floor, 2 bedroom, 2 bathroom Bendigo property investment with spacious living areas consisting of family room and dining area with french doors opening to an outdoor balcony.
Recently refurbished with new carpets and paint, and updated kitchen.

Securely leased to Quest, with rents paid regardless of occupancy.

Lot Asking Price Status Gross Return Net Return Weekly Rent Annual Rent
Lot 3o $266,500, Avail 6.45% 5.30% $330.75 $17,199

Next Rent Increase: March 2018
Current Return: 6.45% Gross
Lease Terms: Lease to 29/03/2020 with 4 x 5 Year options
Rent Increases: 5% yearly with market rent reviews every 5 years (next due 2020)
SET RENTAL INCREASES UNTIL 2020 AS FOLLOWS
March 2018- 6.77 %
March 2019- 7.11 %

Approximate Owner Outgoings:
Council Rates: $2230 pa (including fire levy)
Water Rates: Paid by tenant
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $839 p/a
Apartment is approximately 80m2 internal plus 10m2 balcony.

**** Refurbishments****
As is common with all Quest Apartments, scheduled bathroom upgrades will be due for this building.
Works may include: New tap ware & fittings, new tiling, and benchtops. For more information please contact me.

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