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Sold - Lot 64, Quest on William, Melbourne, CBD

Sold – Lot 64, Quest on William, Melbourne, CBD

2 Bedrooms 1 Bathrooms

Lot 64, 172 William Street, Melbourne VIC.

Quest on William is located in the CBD, and is only minutes from Crown Casino, Etihad Stadium, Southbank, Queen Victoria Market and The Arts Precinct and Bourke Street Mall Shopping.
3% increases per annum until 2023!
Quest pay Council, Water & Owner
corporation Admin Levies
3 nights owner usage per annum

Fully refurbished kitchen and bathroom,  and secure tenure and increases until 2023 you cannot overlook this fantastic investment.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
64 $399,000 SOLD 5.75% 5.60% $441.50 $22,962 PDF

Lease Terms:       Lease to 09/01/2023 with 4 x 5 year options
Rent Increases:   3% Increases commencing 2020.
Rent schedule and increases as follows:
Jan 2019- $22,962 pa-   6.00%
Jan 2020-  $23,650 pa-  6.30%
Jan 2021-  $24,360 pa-  6.48%
Jan 2022-  $25, 091 pa- 6.68%
Next Market Review 2023

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