Sold – Lot 29, Quest on Rheola, Perth, WA
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
|29 (Apt 603)||$386,900||Sold||6.3%||5.45%||$468.00||$24,378|
Current Rent: $468 per week ($24,378 per annum)
Next Rent Increase: 1st July 2019
Current Return: 6.3% Gross / Net 5.45%
1/7/2019: $25,353 Rental Income / 6.55% Gross
Lease Terms: Lease to 30/06/2020 plus 6 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due 2020)
Approximate Owner Outgoings:
Council Rates: $1442 per annum approx
Water Rates: $1141 per annum approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $700 per annum approx