Sold – Lot 11, Sanctuary Lakes, VIC
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 |
| 11 | $300,000 | SOLD | 7.28%** | 5.42%** | $420** | $21,840** |
**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
