Lot 103, Quest Rockhampton
Quest Rockhampton is situated on the banks of the Fitzroy River along Victoria Parade in the Rockhampton CBD, within walking distance to art galleries and Pilbeam Theatre, dining, shopping, entertainment and sporting precincts such as the Rockhampton Showgrounds.
Rockhampton’s central location along major north, south & west freight infrastructure routes, together with major mining and large customer and labour work force all drive growth to the Region.
Quest Rockhampton is situated 3.8km from Rockhampton Airport.
Spacious twin key apartment with a total floor area of 80.63m2 consisting of two bedrooms, main kitchen and kitchenette, living area and outdoor balcony. With the convenience and versatility of dual key operation allowing the apartment to be split into a self contained one bedroom + studio if required
**** PLEASE NOTE SOME IMAGES MAY BE GENERIC AND NOT OF EXACT LOT****
|Lot||Asking Price||Status||Gross Return||Net Return||Weekly Return||Annual Rent|
Current Rent: $505.00 per week ($26,293 pa)
Rent as of Oct 2019 $525.00 per week ($27,344 pa)
Return: 7.01% Gross- 6% Net (Increasing by 4% Oct 19)
Rent Increases as follows:
Oct 2019- $27,344 pa.- 7.29% gross
Oct 2020- $28, 438 pa- 7.58% gross
Oct 2021- $29, 575 pa- 7.88% gross
Oct 2022- $30, 758 pa- 8.20% gross
Next Market Review: September 2023 (every 5 years)
Lease Terms: Lease to September 2023 plus 4 x 5 year options
Rent Increases: 4% annually (except market review years)
2 bedroom, 2 bathroom apartment, with outdoor balcony and carpark on title.
Approximate Owner Outgoings:
Council Rates: $2323 per annum. (approx)
Water Rates: Included in council rates
Agreed Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1472 per annum.