Sold: Lot 25, Bendigo, VIC
Quest Bendigo was purpose built in 2000 and has been successfully operating for 15 years and has options on the lease to continue until 2040. Built-in rent increases and an affordable asking price make this a very attractive investment.
Bendigo is Victoria’s third largest urban centre, and boasts solid population growth with ongoing development of infrastructure including a new multi billion Regional Rail Link to Melbourne which is only 90 minutes away.
This light filled north facing 2 BR apartment boasts an open plan living and dining area, fully equipped kitchen with oven, hot plates, range hood and dishwasher, spacious bedrooms with built-in robes and ensuite to master, main bathroom plus separate toilet and concealed style laundry facilities. The balcony overlooks the community pool and BBQ area and there’s also an on site car park on title. Quest apartments are ideal for investors looking for long term income backed by bricks and mortar security.
- Long term lease to 2020 plus 4×5 year options
- Built-in 5% annual rent increases with 5 year market rent reviews
- Owner’s outgoings:
- Council Rates $1782pa
- Owner’s Corporation $720 pa (Sinking fund)
|Apartment Title||Asking Price||Bedrooms||% Return||Weekly Return||Annual Return||Floor Plan|
|Lot 25 (apt 29)||Sold||2||6.66%||$294||$15,330||View PDF|