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Townsville QLD

Townsville QLD

112  2 Bedrooms 2 Bathrooms Year Built: 1999

Fully refurbished at a cost of almost $40,000 in 2015, this spacious apartment features new carpets & paint, new kitchen joinery , appliances and full upgrade to both bathrooms.
Located on level 1 with an outlook to the in ground swimming pool,  a dual key configuration featuring 2 bedrooms, 2 bathrooms, and car park on title.

Centrally located Quest Townsville is in the heart of the city’s dining precinct and offers an array of award winning cafes, restaurants and convention facilities as well as easy access to Magnetic Island.
Very spacious 2 bedroom, 2 bathroom – twin key apartment.
117m2 in total including balconies & carpark

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
4 $316,000 Avail 8.68% 6.44% $527.00 $27,453.14 

Current Return:   8.68% Gross-  6.44% Net
SET INCREASES AS FOLLOWS:
Aug 2018-  $549 per week –  9.03% gross
Aug 2019-    Market Review.

Lease Terms: Lease to 31/07/2019  with 4  x 5 Year options.
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2019)

Approximate Owner Outgoings:
Council and Water Rates: $2896 p/a
Body Corporate Administration fee: $2208 p/a
Body Corporate Sinking fund : $1980 pa/

 

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