Sold – Lot 116, Moorabbin, VIC
Quest Moorabbin was completed in 2011 and is located in the heart of Melbourne’s south-east business district only minutes from Monash Medical Centre and Hospital, busy Moorabbin Airport and nearby shopping centres including DFO Moorabbin, Southland and Chadstone.
With some of the world’s best ‘sand belt’ golf courses on it’s doorstep, Quest Moorabbin also offers high quality 4 star accommodation for golfing enthusiasts.
A two bedroom dual key apartments with a fully equipped kitchen and a kitchenette for the studio, laundry facilities, generous living & dining area, car park on title and balcony. The complex also includes a large conference room.
|Lot||Asking Price||Status||Gross Return||Net Return||Weekly Return||Annual Rent||Statement of Information|
Current Rent: $605 per week ($31,466 per annum)
Current Return: 7.27% Gross / Net 6.72%
Increases as follows:
March 2020- $32,724 – 7.56% gross
March 2021- Market Review
Lease Terms: Lease to 27/03/2026 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
Approximate Owner Outgoings:
Council Rates: $1242 per annum
Water Rates: $665 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $449 per annum