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Sold - Lot 53, Story Bridge, QLD

Sold – Lot 53, Story Bridge, QLD

2 Bedrooms 2 Bathrooms

Recently undergone an extensive $22,000+ refurbishment, this
double storey, loft style apartment is the perfect CBD investment.

Double storey 2 bedroom apartment with spacious meals and dining area, 2 bathrooms, study nook, and outdoor balcony with private leafy aspects. Car park on title, swimming pool and only a short stroll to all amenities including the Brisbane River & CBD fringe.

Boasting new carpets, tiling, kitchen cabinetry and bathroom upgrades. Upstairs master bedroom with full ensuite, along with private balcony and secure underground car park- It has all the essentials. Making this a great property investment in Queensland.
Building facilities include in ground swimming pool and outdoor barbeque.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
53 $308,000 Sold 7.09% 5.37% $420.00 ($21,840 p/a

Next Rent Increase: October 2018

Increasing as follows:
October 2018: $22,713- 7.37%- gross
October 2019: $23,622- 7.66%- gross
October 2020: $24,567- 7.97%- gross
October 2021: $25,549- 8.29%- gross
Lease Terms: Lease to 15/10/2022 with 4 x 5 year options.
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2018)

Approximate Owner Outgoings:
Council Rates: $1400 p/a
Water Rates: $800 p/a
Body Corporate Administration & Sinking fund fee: $4720 per annum.
**Services such as Foxtel, Gas & Electricity are paid via the body corporate and as a result Quest reimburses each quarter.
Approx reimbursement back to the owner is $1250.00- $1650.00 per annum- this amount varies dependent on the usage***


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