Lot 302, Launceston TAS
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|
Rent Increasing: 1st July 2019
Rent as of July : $672 per week ($34,975 per annum)
Current Return: 7.72% Gross- 6.64% Net
RETURN JULY 19: 8.03% Gross-
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.