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Lot 303, Rockhampton, QLD

Lot 303, Rockhampton, QLD

6.9%  2 Bedrooms 2 Bathrooms Year Built: 2013

Located on the Fitzroy River amongst the business, restaurant and entertainment precinct, Quest Rockhampton suits business and leisure travellers alike.
2 bedroom twin key apartments with stunning river views, car park allocation and all only 5 years old.
The property also features an onsite gym and conference room.

Lot Asking Price Status Gross Return Net Return Weekly Return Annual Rent
303 $415,000 Avail 6.9% 5.87% $551 $28,668 pa

Current Return:       6.90% Gross / Net 5.87%
Scheduled Increases as follows:
Oct 2019- + 4% –  7.17% gross
Oct 2020- + 4% –  7.46% gross
Oct 2021- + 4% –  7.76% gross
Oct 2022- + 4% –  8.07% gross

Lease Terms: Lease to October 2023 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2023)

Approximate Owner Outgoings:

Council:  $2552

Water: (Included in Council)

Owners Corp Sinking Fund: $1754

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