Perth, WA
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 | $165,000 | Avail | 8.19% | 6.5 % | $260.00 | ($13,523 p/a |
Current Rent: $260 per week ($13,523 per annum)
Next Rent Increase: 1st July 2019
Current Return: 8.19% Gross / 6.50 Net%
Increases as follows;
July 2019- $270 per week ($14, 063 pa)
July 2020- $281 per week ($14, 626 pa)
Lease Terms: Lease to 01/07/2021 plus 1 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.
*** Please note- This property will be subject to an approaching refurbishment program. Scope of works are as follows:
full upgrades to kitchen and bathroom, carpet and paint*****
Approximate cost to the new purchaser will be as follows:
Bathroom and Kitchens $24,716.99
New Kitchen Appliances $ 1,900.00
Painting $ 3,080.00
Carpet $ 2,319.00
