Lot 302 Quest Chermside, QLD- SOLD
Quest Chermside on Playfield is located in the heart of Chermside and is just minutes north of Brisbane’s CBD, and only 15 minutes from Brisbane’s Domestic and International Airport terminals. A short walk to Westfield Chermside and within driving distance to Suncorp Stadium, Enoggera Army Barracks and Brisbane Showgrounds.
Only 5 years old, this 2 bedroom front facing apartment has spacious open plan living zones, large terrace balcony, and carpark on title.
4% annual increases to the rent until 2025!
| Lot | Asking Price | status | Gross Return | Net Return | Weekly Return | Annual Rent |
| 302 | $400,000 | SOLD | 5.85% | 5.02% | $450.00 | ($23,400 p/a |
Scheduled rent increases as follows:
Nov 2021 + 4% – $24,336 = 6.08% Gross
Nov 2022 + 4% – $25,309 = 6.32% Gross
Nov 2023 + 4% – $26,321= 6.57% Gross
Nov 2024 + 4% – $27,374 = 6.83% Gross
Market review- 2025.
Terms: Lease to 16/11/2030 plus 2 x 5 Year options
| Approximate Owner Outgoings: Council Rates: $1544 per annum Water Rates: $895 per annum OC Sinking Fund: $844 per annum |
