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Sold - Lot 11, Sanctuary Lakes, VIC

Sold – Lot 11, Sanctuary Lakes, VIC

7.28%  2 Bedrooms 2 Bathrooms 1 Garage Year Built: 2007

Surrounded by a Greg Norman designed golf course and only 20 minutes from the Melbourne CBD is Quest Sanctuary Lakes. Located in Point Cook and in a townhouse style complex this 2 bedroom apartment has everything a guest could ask for. Featuring 2 bedrooms, 2 bathrooms including en-suite, carport, stainless steel appliances including dishwasher, a separate laundry and 2 balconies.
Guests have access to the Sanctuary lakes indoor swimming pool, spa, sauna, gym and tennis courts.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
11 $300,000 SOLD 7.28%** 5.42%** $420** $21,840** PDF

**Rents and yields stated are as of 22/01/2018

Lease Details:

Current Rent: $420 per week ($21,840 per annum) **
Next Rent Increase: 22/01/2019
Current Return: 7.28% Gross / 5.42% Net**
Lease Terms: Lease to 21/01/2022 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due 2022)
**The rental figure and yields as quoted are the figures as of the 22/01/2018

 

Approximate Owner Outgoings:
Council Rates: $1089 per annum approx
Water Rates: $663 per annum approx
Body Corporate Fees: $3816 per annum approx**
**The body corporate fees stated have included a $610 rebate from the tenant for owners corporation fees which is paid to the landlord once per year

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