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Sold: Docklands VIC

Sold: Docklands VIC

6.36% 

Docklands Property Investment

In the heart of the Docklands business district and within walking distance to Southern Cross Station, Crown Casino, Restaurants, Cafes, Marina’s and Etihad Stadium literally at the back door there is little wonder why this is one of Quest Apartments flagship buildings.

Built in 2005 and in December 2015 underwent refurbishment works worth $11,000 which included LED down lights, a new split system air conditioner in the bedroom, new cook top, updated bathroom including a new shower and a stone overlay on the kitchen and bathroom bench tops.

 

Current Rent: $477 per week ($24,828p/a)
Current Return: 6.36%
Lease Terms: Lease to September 2020 with 4 x 5 Year Options
Rent Increases: 4% per annum (rent reviews at 5th year)

Owners Outgoings:
Council Rates: $1166 per annum (approx)
Water Rates: $978 per annum (approx)
Sinking Fund: $1061 per annum (approx)
Body Corporate Admin Fee: Paid By Tenant

 

Apartment Asking Price Bedrooms % Return Weekly Return Annual Return
Lot 511 SOLD 1 6.36% $477 $24,828
Lot 709 SOLD 1 6.31% $473 $24,634
Lot 809 SOLD 1 6.31% $473 $24,634

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