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Sold: Lot 25, Wagga Wagga, NSW

Sold: Lot 25, Wagga Wagga, NSW

7%  2 Bedrooms 2 Bathrooms

A major regional centre at the heart of the Riverina, this spacious 2 bedroom, 2 bathroom apartment is ideally located within walking distance to the town centre.
With the beautiful Murrumbidgee river only a short distance away and an array of restaurants and cafes showcasing the best  local produce and dining experiences, the property proves to be a popular choice for both corporate and leisure stays.
Immaculately presented,  spacious in size and complete with open plan living/dining area, fully equipped modern kitchen, main bathroom plus ensuite, separate bedrooms with BIR’s, outdoor terrace and car park on title.
There is an  in-ground swimming pool & BBQ area on site

Apartment Asking Price Status Design Gross Return Weekly Rent Rent p/a
Lot 25 $340,000 SOLD 2 Bed 7% $459 $23,885

Lease Details:
Current Rent:
$459 per week ($23,885 per annum)
Next Rent Increase: 22/12/2016
Current Return: 7% Gross / Net 6.5%
Return as at 22/12/16: 7.3% Gross / 6.79% Net
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: $1405 pa
Water Rates: Included in council rates
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $347 p/a

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