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Sold - Lot 103, Carlton, VIC

Sold – Lot 103, Carlton, VIC

6.47%  2 Bedrooms 1 Bathrooms

Quest Carlton is nestled behind one of Melbourne’s most famous and iconic streets, Lygon Street.
Also known as “little Italy” the precinct attracts both locals, & tourists for its world class coffee and food and transforms into a night time hot spot with lively restaurants and bars.
Located only a short walk from the Carlton Gardens, The Royal Exhibition Building, The Melbourne Museum, the Old Melbourne Gaol and the State Library of Victoria.
The apartment is complete with fully equipped kitchen, dishwasher  split system heating and cooling,  laundry facilities, and a balcony.
The lease has a 60 day owner usage subject to terms and conditions.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent Statement of Information
103 $420,000 Sold 6.47% 5.82% $522 $27,186  CLICK HERE

Lease Details:

Current Rent: $522 per week ($27,186per annum)
Current Return: 6.47% Gross / Net 5.82%
Lease Terms: Lease to 29/10/2020 plus 1 x 5 Year options
Rent Increases: CPI increases yearly with market rent reviews every 5 years (next market review due 2020)

Approximate Owner Outgoings:
Council Rates: $1262.84 per annum
Water Rates: Capped at $400 p/a as per the lease (tenant pays the balance)
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1060.76 per annum

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