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Sold: Lot 1114, Quest on Dorcas, Sth Melbourne, VIC

Sold: Lot 1114, Quest on Dorcas, Sth Melbourne, VIC

60.3m2  1 Bedrooms 1 Bathrooms 1 Garage

Quest on Dorcas Street

BLUE- CHIP South Melbourne/ Southbank address

Walking distance to

  • Clarendon street South Melbourne
  • An array of cafes, bars and nightlife.
  • Renowened South Melbourne Market
  • Royal Botanic Gardens and the Shrine
  • 1.6km to Crown Casino and Southbank promenade.
  • 1.5 km to Federation Square and the Arts Centre.

An open plan one bedroom + study apartment, with smart modern kitchen, stainless steel appliances, laundry facilities, separate bathroom, and reverse cycle heating/ cooling.
Outdoor balcony, underground car park on title and onsite gym it ticks all the boxes.

Apartment   Asking Price   Status Design Gross Return Weekly Rent Rent p/a
Lot 1114 $345,000 SOLD 1 BR + study 6.27% $416 $21, 632

Next Rent Increase: 24/03/2017

Set Yield Increases:

March 2017:  $$22,497pa- 6.52%

March 2018:  $23,397pa- 6.78%

Lease Terms: Lease to 23/03/2019 plus 4 x 5 Year options.
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2019)

Approximate Owner Outgoings:

Council Rates: $1165 per annum approx.
Water Rates: $596 per annum approx.
Body Corporate Administration fee: Paid by Tenant
Body Corporate Sinking fund:: $536 per annum approx.

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