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Sold - Lot 15, Perth, WA

Sold – Lot 15, Perth, WA

53  1 Bedrooms 1 Bathrooms

FULL REFURBISHMENT PAID FOR BY THE CURRENT OWNER:

Quest West End is located in the heart of Perth’s CBD, just a short walk to Perth Arena, Perth Convention and Exhibition Centre, His Majesty’s Theatre, and Kings Square Precinct. Just beyond, you will find the exciting entertainment precinct of Northbridge and the wonder of Kings Park and Botanic Gardens

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
15 $199,000 Sold 7.47% 6.08 % $286.00 ($14,875 p/a

Current Rent: $286 per week ($14,875 per annum)
Next Rent Increase: 1st July 2019
Current Return: 7.47% Gross / 6.08 Net%
Increases as follows;
July 2019-   $297 per week  – 7.76% gross
July 2020-   $309 per week –  8.07% gross

Lease Terms: Lease to 01/07/2021 plus 6 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)

Spacious one bedroom apartment featuring lounge and dining area. 53m2 in size, with the full refurbishment due to commence in April and the full $31,764 all paid by the current owner!
Works will include:
New Kitchen cabinetry, bench tops appliances, bathroom upgrades, new carpet and paint
Please contact us for the full refurbishment scope of works.

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