Sold – Lot 33, North Ryde, NSW
QUEST PAY COUNCIL, WATER AND OC ADMINISTRATION LEVIES!
OWNER USAGE ALLOWANCE!
Located just a few minutes from the Macquarie Park & North Ryde business precincts and only 12 kilometers from Sydney’s CBD, this two bedroom apartment boasts a spacious 82 m2 floor area. Containing a fully equipped kitchen and kitchenette, 2 bathrooms and a balcony overlooking picturesque bushland settings adjacent to Lane Cove National Park.
*** PLEASE REFER TO LEASE FOR OWNER USAGE CONDITIONS**
|Lot||Asking Price||status||Gross Return||Net Return||Weekly Return||Annual Rent|
Current Rent: $784 per week ($40,809 per annum)
Current Return: 7.55% Gross / Net 7.12% NET**
Rent Increases as follows:
Sept 2019- + 3.25%= $42,135- 7.79% gross
Sept 2020- + 3.25%= $43,504- 8.05% gross
Sept 2021- + 3.25%= $44,918- 8.31% gross
Sept 2022- + 3.25%= $46,378- 8.58% gross
Lease Terms: Lease to 31/08/2023 plus 1 x 5 Year options
Rent Increases:3.25% yearly with market rent reviews every 5 years (next due 2023)
** Please note gross & net yields do not include refurbishment costs**
Providing versatility with its flexible floor plan being either a large spacious 2 bedroom apartment, or sectioned off to a one bedroom and separate studio.
Apartment features full kitchen, with the Studio boasting a second kitchenette .
With views to the inground swimming pool and tranquil surrounds its a blue chip investment only a mere 12km from Sydney CBD.
** Please note this apartment is due for refurbishment works**
Refurbishment will include kitchen & kitchenette upgrades, 2 x bathrooms, carpet, paint, tiling tap ware etc.
The cost has been capped at $47,124 (incl GST) for all works.
Please contact me for more information.