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Sold: Lot 16, Bendigo, VIC

Sold: Lot 16, Bendigo, VIC

2 Bedrooms 2 Bathrooms Year Built: 2000

Major Regional City – Long Term Quest Location

The ideal property for investors wanting a steady income stream at an affordable price. Light and bright, north facing apartment features separate 2 bedrooms with ensuite to the master bedroom, built-in wardrobes, bathroom with laundry facilities, spacious lounge and dining room overlooking an outdoor patio, fully equipped kitchen, split cycle air conditioning, a car park on title plus an onsite pool and BBQ area.

Apartment Price Status Type Gross Return Rent p/w Rent p/a
Lot 16 $235,000 SOLD 2BR 7.51% $339 $17,652

Lease Terms: Lease to 29/3/2020 plus 4 x 5 Year options
Built-in 4% Rent Increases
Market Rent Reviews: every 5 years (next review due 2020)

Current Owner Outgoings:
Council Rates: $1870 pa
Water Rates: Paid by tenant
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $820 p/a


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