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Sold: Lot 504, Quest on Bourke, Melbourne, VIC

Sold: Lot 504, Quest on Bourke, Melbourne, VIC

6.3%  1 Bedrooms 1 Bathrooms

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.

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