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Sold - Lot 302, Launceston TAS

Sold – Lot 302, Launceston TAS

88  2 Bedrooms 2 Bathrooms

Located in the heart of Launceston city, within the restaurant precinct, city mall and tourist information centre, and only minutes to  Cataract Gorge, Boags Brewery & River Cruise- the position speaks for itself!

A very spacious two bedroom, two bedroom apartment with large lounge and dining room, and views of the city precinct.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
302 $426,500 SOLD 7.88% 6.78% $646.00 ($33,630 p/a

Rent Increasing:        1st July 2019
Rent as of July :           $672 per week ($34,975 per annum)

Lease Terms: Lease to 30/06/2021 plus 5 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)
RENT RETURN SCHEDULE:
July 2019 :  8.03% gross
July 2020:   8.35% gross

With carpet, paint, bathroom grout/ caulking completed in 2016, this spacious 2 bedroom apartment offers large living in the heart of town.

With high ceilings, full kitchen and ensuite and beautiful aspects from the bedroom windows, all only a short stroll to restaurants, cafes, and shopping.
Offering lucrative yields to investors.
Apartment is approximately 88 m2 internal living.

 

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