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