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UNDER CONTRACT- QLD, Rockhampton Lot 703

UNDER CONTRACT- QLD, Rockhampton Lot 703

100  2 Bedrooms 2 Bathrooms Year Built: 2013

Quest Rockhampton, is approx 7 years old and situated on the banks of the Fitzroy River along Victoria Parade in the Rockhampton CBD, within walking distance to art galleries and Pilbeam Theatre, dining, shopping, entertainment and sporting precincts such as the Rockhampton Showgrounds.

2 bedroom, 2 bathroom apartment, with outdoor balcony and common basement carpark.

Very large twin key apartment with a total floor area of 100m2 consisting of two bedrooms, main kitchen and kitchenette, living area and two outdoor balconies.
With the convenience and versatility of dual key operation allowing the apartment to be split into a self contained one bedroom + studio if required.

Quest Rockhampton is situated 3.8km from Rockhampton Airport.


Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
703 $438,000 SOLD 7.07% 5.95% $605.00 ($31,480 p/a

Lease Details:

Current Rent:   $605 per week/ $31,480 per annum
Return:  7.07% Gross-  5.95% Net  (Increasing by 4% In Oct 2021)

Rent Increases as follows:
Oct 2021+ 4%=    $32,735 pa-    7.35% gross
Oct 2022+ 4%=     $34,044 pa-    7.64% gross

Market Review:   Next review September 2023 (every 5th year)
Lease Terms: Lease to September 2023 plus 4 x 5 year options
Rent Increases: 4% annually (except market review year)



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