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Sold: Lot 20, Wagga Wagga, NSW

Sold: Lot 20, Wagga Wagga, NSW

7.3%  87 sqm 2 Bedrooms 2 Bathrooms Year Built: 2005

High Yield Investment – Low Owner Outgoings

Wagga Wagga is of one of the largest regional cities in NSW and is home to the major RAAF base at nearby Forest Hill and Kapooka, the Army Recruit Training Centre.
Quest Wagga was built in 2005 and is strategically located  in the heart of town offering quality, long term accommodation to both
the business and tourism industries.
This spacious 2 bedroom twin key (main BR and studio) apartment is located on level one with a balcony overlooking the pool area and a car park on title.
Recently repainted as part of our ongoing maintenance program, the  features include a large open plan living/dining area, fully equipped kitchen, two spacious bedrooms with built-in robes, main bathroom with laundry facilities, separate kitchenette and ensuite in the studio.

Lot Asking Price Status Gross Return Net Return Weekly Rent Annual Rent
Lot 20 $430,000 Sold 7.3% 7.0% $604 $31,418

Lease Details:

Next 4% Rent Increase: 22nd December 2017
Lease Terms: Lease to 21/12/2020 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

Approximate Owner Outgoings:

Council Rates: $1404 per annum
Water Rates:
$160 per annum
Body Corporate Administration fee:
Paid by tenant
Body Corporate Sinking fund:
$390 per annum


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