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SOLD- Lot 16, Wagga Wagga NSW

SOLD- Lot 16, Wagga Wagga NSW

99m2  3 Bedrooms 2 Bathrooms Year Built: 2006

As one of largest regional cities in NSW, and the capital of the Riverina, Wagga Wagga is often referred to as the Garden City with its tree-lined streets, sculpted parks and award-winning gardens.

Wagga Wagga’s economic environment provides an excellent place for businesses to develop and prosper with easy access to transport infrastructure such as the Wagga Wagga Airport and National Highways linking the City with the rest of Australia.

Quest Wagga Wagga is ideally located in the business district of town.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
16 $480,000 SOLD 7.46% 6.791% $688.00 $35,814

Current Rent:                                    $688 per week –    $35,814 pa
Rent Increasing 21st Dec 19 to:    $716 per week –   $37,246 pa

Current Return:                             7.30% Gross   /   6.77% Net
Return as of Dec 19:                       7.60% Gross   /   7.07% Net

Lease Terms: Lease to  21/12/2020 plus 4 x 5 year options

Rent Increases:
4% yearly with market rent reviews every 5 years (next due 2020)

Large and spacious this 3 bedroom-  Top Floor apartment features full ensuite to master, large spacious living zones with family and dining areas and entertainers balcony over looking the inground swimming pool.

Allocated car park on title,
The apartment has had new paint,  airconditioners, tapware and hotplates installed this term

Approximate Owner Outgoings:
Council Rates: $1620.91 per annum
Water Rates: Included in Council Rates
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $980 per annum

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