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Sold - Lot 30, North Ryde, NSW

Sold – Lot 30, North Ryde, NSW

7.1%  2 Bedrooms 2 Bathrooms

Located just a few minutes from the Macquarie Park & North Ryde business precincts and only 12 kilometers from Sydney’s CBD, this two bedroom apartment boasts a spacious 72 m2 floor area. Containing a fully equipped kitchen and kitchenette, 2 bathrooms and a balcony overlooking a natural bush setting adjacent to Lane Cove National Park.
Property facilities include: in ground swimming pool, gymnasium and conference room.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent Floor Plan
30 (Apt 309 & 310) $544,500 Sold 7.1% 6.5% $744.00 $38,719 Floor Plan

Lease Details:

Current Rent: $744 per week ($38,719 per annum)
Next Rent Increase: 1st September 2019
Current Return: 7.1% Gross / Net 6.5%
Lease Terms: Lease to 31/08/2018 plus 4 x 5 Year options
Rent Increases: CPI or 3.25% (whichever is highest and capped at 4%) yearly with market rent reviews every 5 years (next due this year)

Approximate Owner Outgoings:

Council Rates: Paid by Quest North Ryde
Water Rates: Paid by Quest North Ryde
Body Corporate Administration fee: Paid by Quest North Ryde
Body Corporate Sinking fund: $3291.76 per annum approx

Please note that the apartment is scheduled for market review on the 1st of September this year and at that time there is also the potential for capital refurbishment – Please feel free to call to discuss.

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