Sold: Lot 31, Bendigo, VIC
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 31 | $230,000 | SOLD | 2 BR | 7.12% | $315 | $16,380 |
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)
Approximate 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
