Sold – Lot 28, Bendigo VIC
A very spacious 2 bedroom apartment, recently refurbished with new carpet and timber floor boards, offering secure fixed returns regardless of occupancy.
Bendigo is a vibrant and contemporary regional town in Victoria
with a growing population of 110,000.
Well known for its large economic employment base, together with a rich history dating back to the gold rush- Bendigo won the prestigious Australian Tourism Award in 2011 and 2012.
With full ensuite to master, large living consisting of lounge & dining, outdoor decking area & carpark on title.
Recently updated with new carpet, paint and kitchen bench top & splash back tiles and timber laminate flooring.
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Current Rent: $367.15 per week – $19,092 per annum
Next Rent Increase: March 2019
Current Return: 7.07% Gross- 5.88% Net
Lease Terms: Lease to 29/03/2020 with 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Approximate Owner Outgoings:
Council Rates: $2300 pa (including fire levy)
Water Rates: Paid by tenant
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $906 p/a
Apartment is approximately 80m2 internal plus 10m2 balcony.