Sold: Townsville QLD
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|
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.