Lot 31, Portland, VIC
Located right in the heart of Portland and withing walking distance to the Percy Street and its various shops and eateries, Portland foreshore beach, Marina and the the port of Portland with its constant stream of cargo ships carrying everything from Aluminium to Logs.
Lot 31 (Apartment 212 & 213) is a twin key design which has a car park on title. It consists of a full size one bedroom apartment (212) with full kitchen, internal laundry and a large balcony.
The other is a small studio apartment (213) which has a bathroom, small kitchenette, built in robe and small balcony.
|Lot||Asking Price||Status||Gross Return (01/07/2018)||Net Return||Weekly Return||Annual Rent (1/07/2018)||Statement of Information|
|31 (Apt 212 & 213)||$231,600||Sold||7.00%||5.52%||$311||16,212.54 p/a|
Rent as of 1/7/18: $16,212.54
Current Return: 7% Gross / 5.52% Net
Increases as follows;
1/7/19: $16,861 / 7.28% Gross
1/7/20: $17,535 / 7.57% Gross
1/7/21: $18,236 / 7.87% Gross
1/7/22: $18,966 / 8.19% Gross
1/7/23: Market Review
Approximate Owner Outgoings:
Council Rates: $1539
Water Rates: $1000
Body Corp Admin Fees: Paid by Quest
Body Corp Sinking Fund: $880.10