CALL 1800 MY QUEST (1800 697 837):

North Ryde, NSW

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
33 $540,000 Avail 7.55% 7.12% $784.00 ($40,809 p/a

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.

People also visited