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Sold: Townsville QLD

Sold: Townsville QLD

2 Bedrooms 2 Bathrooms 1 Garage

Quest Townsville Property Investment

Fully refurbished at a cost of almost $40,000, this spacious apartment features new carpets & paint, new kitchen joinery & appliances and full bathroom upgrade.
Centrally located Quest Townsville is in the heart of the city’s dining precinct and offers an array of cafes, restaurants and convention facilities as well as easy access to Magnetic Island.
Townsville is the major business hub in Northern Queensland and home to the Lavarach Army Base, one of the major defence installations in Australia which supports jobs and local infrastructure.

Apartment Asking Price Status Design Gross Return Weekly Rent Annual Rent
Lot 2 $320,000 SOLD 2 Bed TK 8.61% $530 $27,560
Lot 54 $390,000 SOLD 2 Bed TK 8.23% $617 $32,095

Lease Details:

Next Rent Increase: 6th August 2016

Lease Terms: Lease to 31/07/2019 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 Lot 2: $2853 per annum approx.
Council Rates Lot 54: $3026 per annum approx.

Water Rates: Built into council rates

Body Corporate Fees Lot 2: $4152 per annum approx.
Body Corporate Fees Lot 54: $3635 per annum approx.

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