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Sold - Lot 11, Wollongong, NSW

Sold – Lot 11, Wollongong, NSW

80  2 Bedrooms 2 Bathrooms Year Built: 2005

Centrally located in the heart of Wollongong CBD, an easy stroll to restaurants, cafes, cultural attractions, shopping precinct, and Wollongong’s harbour and beaches.
With a thriving economy this Two bedroom, two bathroom apartment with car park
on title will attract investors wanting to secure a solid New South Wales investment.
4% increases to the rent until 2020. 

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
11 $415,000 Sold 6.52% 5.71% $521.00 ($27,092 p/a

Current Rent:
 $521 per week ($27,092 per annum)
Next Rent Increase: 1st June 2019
Current Return:  6.52% Gross / Net 5.71%
Lease Terms: Lease to 14/06/2020 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

Approximate Owner Outgoings:
Council Rates: $1285 pa
Water Rates: $ 780 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $1312 p/a
Apartment is approximately 80m2 internal plus car park.

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