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Sold - Lot 22, Quest on Rheola, WA

Sold – Lot 22, Quest on Rheola, WA

6.09%  2 Bedrooms 2 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, a second bathroom with laundry facilities 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 Net Return Weekly Return Annual Rent Floor Plan
22 (Apt 501) $410,000 Sold 6.09% 5.26% $480.00 $25,000 Link

 Lease Details:

Current Rent: $480 per week ($25,000 per annum)
Next Rent Increase: 1st July 2018
Current Return: 6.09% Gross / Net 5.26%
1/7/2018: $26,000 rent / 6.34% Gross / 5.5% Net
1/7/2019: $27,040 rent / 6.59% Gross / 5.76% Net
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: $1893 per annum approx
Water Rates: $827 per annum approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $700 per annum approx

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