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Sold - Lot 301, Quest on Dorcas, VIC

Sold – Lot 301, Quest on Dorcas, VIC

6.57%  2 Bedrooms 1 Bathrooms 1 Garage

A spacious two bedroom apartment with a smart modern kitchen, stainless steel appliances, laundry facilities, separate bathroom, split system air conditioning, balcony, underground car park on title and onsite gym it ticks all the boxes.
The building location is superb and is a short walk away from The Shrine of Remembrance, Royal Botanic Gardens, Albert Park Lake, South Melbourne Market, Melbourne Arts Centre, Flinders Street Station and Federation Square this apartment won’t last long.

Lot Asking Price Status Gross Return
Net Return Weekly Return Annual Rent Statement of Information
Lot 301 $472, ,500 Sold 6.57% 5.97% $573 $29,831 PDF

Lease Details:

Current Rent: $573 per week ($29,831 per annum)
Next Rent Increase: 25th March 2020
Current Return: 6.57% Gross / Net 5.97%
Lease Terms: Lease to 24/03/2019 plus 2 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due 2019)

Approximate Owner Outgoings:
Council Rates: $1369 per annum approx.
Water Rates: $700 per annum approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $643 per annum approx.

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