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Sold - Lot 101, Geelong, VIC

Sold – Lot 101, Geelong, VIC

101  2 Bedrooms 2 Bathrooms Year Built: 2005

FRONT FACING- 2 bedroom twin key apartment, with large open plan living, galley style kitchen (and 2nd kitchenette) 2 bathrooms & 2 bathrooms.
A spacious covered balcony with a leafy aspects to the historic FERNSHAW (Circa 1867 – grand Victorian building) and ocean glimpses.
Boasting a large 92m2 internal living and 6m2 balcony with Secure underground carpark on title.
Carpet and paint last redone in 2014.

 

Quest Geelong is ideally located near Geelong’s vibrant Waterfront and Central Business District and conveniently positioned via major arterial access.    Features surrounding the hotel include Cunningham Pier, Eastern Beach, The Geelong Arena, Botanical Gardens, Little Creatures Brewery, Adventure Park Geelong and The Great Ocean Road.
Geelong is Victoria’s second largest city, and a hot spot for investors with the recent announcment’s of both National Disability Insurance Scheme (NDIS) and Worksafe headquarters relocating to Geelong, together with $1 billion Avalon Freight Precinct that would position the region as Victoria’s major road, rail, air and sea transport hub and create 3,000 local jobs. Making this a great property investment in Victoria.
Quest Geelong won Serviced Apartments Australian Franchise of the Year 2012.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent
101 $478,000 Sold 6.72% 5.71% $618.00 $32,140 p/a

 

 

Council Rates: $2802 pa
Water Rates: $620 pa approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1400 p/a

** Please note the property will be due for some minor upgrades over the next 12 months.  This will include stone benchtops,  down light installation, and stainless steel kitchen appliance upgrades

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