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Sold - Lot 32, Narre Warren, VIC

Sold – Lot 32, Narre Warren, VIC

1 Bedrooms 1 Bathrooms

Quest Narre Warren is located within the region’s business & commercial hub, with both Westfield Fountain Gate and the charming Main Street of Berwick village only a short distance.

Casey, Epworth and St John of God Berwick hospitals are in close proximity, as are the Berwick campuses of Monash University and Chisholm Institute of TAFE. Melbourne CBD is only 40 minutes on the M1.
*** Property commencing full refurbishment program***

The apartment will feature:
• New kitchen cabinetry & appliances,
• New stone overlay benchtops
• New vanity, tapware and mirror to bathroom
• New carpet and paint

Lease Details
Current Rent: $396 per week ($20,621 per annum)
Next Rent Increase: July 2019
Current Return: 7.01% Gross / Net 6.90%
Rent increases as follows:
July 2019- $21,445- 7.16% Net
Lease Terms: Lease to 16/07/2020 plus 5 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

Lot  Asking Price status Gross Return Net Return Weekly Return Annual Rent
32 $312,500 SOLD 6.57% 6.45% $396.00 20,621


Very large one bedroom apartment with formal lounge and spacious living room. Open plan, all overlooking entertainers terrace with leafy aspects.
King size bedroom with semi ensuite access.
Carpark on title, the property also boasts an in ground pool.

*** PLEASE NOTE*** Refub work will commence shortly on this lot.
Work is being paid for by the current owner.
Images are of current unrefurbished apartment,.
For images of a refurbished lot please contact me

Approximate Owner Outgoings:
Council Rates: PAID BY QUEST
Water Rates: PAID BY QUEST
Body Corporate Administration fee: PAID BY QUEST
Body Corporate Sinking fund : $305.00 Per Annum.





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