Sold: Lot 504, Quest on Bourke, Melbourne, VIC
Quest on Bourke
In the heart of the Melbourne CBD, Quest on Bourke offers guests all the advantages of inner city convenience. This one bedroom apartment features a comfortable living/dining room, bedroom with built-in robes and separate bathroom with laundry facilities.
|Apartment||Price||Status||Type||Net Return||Weekly Rent||Annual Rent|
|Lot 504||$253,000||SOLD||1 BR||6.2%||$278||$14,484|
Lease Terms: Lease 1/1/2016 to 31/12/2025 plus 2 x 5 Year options
Rent Increases: 3% yearly with market rent reviews every 5 years
Approximate Owner Outgoings:
Council Rates: Paid by tenant
Water Rates: Paid by tenant
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $189 p/a
Apartment is approximately 40-45sqm – no floor plan is available
** This apartment will be extensively refurbished with works comprising, but not limited to, new carpets, repainting and upgrades to the bathroom and kitchen. Works are planned to commence this year and the full cost will be paid for by the tenant. For full details, including a cap on future works in 2026. Please contact us for full details.