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Lot 21, West Perth, WA

Lot 21, West Perth, WA

6.01%  1 Bedrooms 1 Bathrooms 1 Garage Year Built: 2005

Located in West Perth and only 2 blocks from the beautiful kings park and botanic garden is Quest on Rheola. The apartment boasts a fully equipped kitchen including; oven, cooktop, rangehood and stainless steel dishdraw, master bedroom with ensuite and a large balcony.
The property is located within walking distance to Domain Stadium, Princess Margaret Hospital, The old observatory, the parliament of Western Australia and the Hay Street dining precinct which will also lead to the Perth CBD.

Lot Asking Price Status Gross Return As of July 1st
Net Return As of July 1st
Weekly Return As of July 1st
Annual Rent As of July 1st
21 (Apt 405) $315,000 Avail 6.22% 5.29% $377.00 $19,604


Lease Details:

Rent as of 1/7/18: $377 per week ($19,604 per annum)
Next Rent Increase: 1st July 2019
Current Return: 6.22% Gross / Net 5.29%
1/7/2019: $20,388 Rental Income / 6.47% Gross
Lease Terms: Lease to 30/06/2020 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: $1254 per annum approx
Water Rates: $1100 per annum approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $580 per annum approx

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