Sold – Lot 4 and 39, Townsville, QLD
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|
Increasing 1st Aug 2018: $685 per week ($35,639 p/a)
Current Return: 8.35% Gross/ 6.61% Net
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)
Market Review: 1st August 2019
**Please note: Images & floor plan are of LOT 35- an identical lot *
Approximate Owner Outgoings:
Council and Water Rates: $2946 p/a
Body Corporate Administration fee: $2350 p/a
Body Corporate Sinking fund : $1870 p/a