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Sold: Lot 63, North Ryde, NSW

Sold: Lot 63, North Ryde, NSW

7.19%  2 Bedrooms 2 Bathrooms 1 Garage Year Built: 2003

Prime Sydney Location

Located opposite the Macquarie Business Park and a short stroll from North Ryde train station is this fabulously located 2 bedroom apartment. A spacious 81 sqm in size, this  twin key designed apartment boasts a fully equipped main kitchen plus kitchenette in the studio, internal euro style laundry, split system air conditioning, two bathrooms, built-in robes and balcony.
With an undercover car park on title and fantastic onsite facilities such as gym, conference room, in-ground pool and spa plus the great rental return with low outgoings this apartment would look great in any investment portfolio.

Apartment Asking Price Bedrooms % Return Weekly Return Annual Return
Lot 63 SOLD 2 TK 7.19% $746 $38,813

Lease expires September 2018 plus 4×5 year option (to 2038)

Current Rent: $746 per week ($38,813 p/a) – to 1st September 2016
Current Return: 7.18% Gross/ 6.7%  Net
Rent Sept 2016-2017 $40,075 pa (7.4% return)
Rent Sept 2017-2018 $41,377 pa (7.66% return)
Lease Terms: Lease to 31st August 2018 with 4 X 5 Year Options
Rent Increases: 3.25% per annum – reviewed every 5th year (Next review 31/08/2018)
Owners Outgoings:
Council Rates: Paid By Tenant
Water Rates: Paid By Tenant
Sinking Fund: $2592 per annum
Body Corporate Admin Fee: Paid By Tenant

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