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Lot 903, Rockhampton QLD- SOLD

Lot 903, Rockhampton QLD- SOLD

100m2  2 Bedrooms 2 Bathrooms Year Built: 2013

TOP FLOOR!!!

Young, modern and spacious, this two bedroom twin key apartment offer two bathrooms, lounge & dining room, stainless steel appliances, split system cooling & heating and balconies with river views.Boasting a large 100m2 in floor area.
Located on the Fitzroy River amongst the business, restaurant and entertainment precinct, Quest Rockhampton suits business and leisure travellers alike.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
903 $428,550 Under Offer 6.90% 5.99% $568.00 ($29,570 p/a

Current rent:  $568 per week-  $29,570 per annum

Current Return:       6.90% Gross / Net 5.99%
Oct 2019- + 4% –  7.17% gross

Oct 2020- + 4% –  7.46% gross

Oct 2021- + 4% –  7.76% gross

Oct 2022- + 4% –  8.07% gross
Lease Terms: Lease to October 2023 plus 4 x 5 Year options

Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2023)
Approximate Owner outgoings:

Council $2626 per annum

Water- (Included in Council) —— —–

Owners Corp Sinking Fund   $1256.00 per annum

Location

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