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UNDER CONTRACT VIC, Docklands Lot 501s

UNDER CONTRACT VIC, Docklands Lot 501s

1 Bedrooms 1 Bathrooms Year Built: 2005

Quest Docklands is located in the heart of the Docklands business district and within walking distance to Southern Cross Station, Crown Casino, Restaurants, Cafes, and Marina’s.

With Marvel Stadium at your doorstep, due to undergo a $225 million upgrade including a signature Town Square plaza combining indoor and outdoor spaces, and state of the art facilities.  Experts are predicting it to be one of the best sporting and entertainment arenas in the world.

Quest Docklands was built in 2005 and 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 in Dec 2015.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent Statement of Information
501 $365,700 UNDER CONTRACT 6.20% 5.56% $436.00 $22,679 Statement of Information

Lease Terms: Lease to September 2025 plus 7 x 5 year options
Rent Increases in accordance with lease: 4% annually (except market review year)
Market Review:   Next review September 2025.

Immaculately presented one bedroom apartment with spacious living zones, study nook, and lovely aspects from the outdoor balcony to Docklands Park.
Complete with fully equipped kitchen with dishwasher, wall oven and rangehood, internal laundry facilities, and heating & cooling throughout.  With stadium entry directly from the building to the concourse level its position offers convenience with an array of attractions surrounding.

Approximate Owner Outgoings:
Council Rates:     $1174 per annum. (approx)
Water Rates:        $768  per annum (approx)
Body Corporate Administration fee:     Paid by tenant
Body Corporate Sinking fund:             $400 per annum

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