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Lot 31, Portland, VIC

Lot 31, Portland, VIC

7%  2 Bedrooms 2 Bathrooms 1 Garage

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 PDF

Price: $231,600
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

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