8.86% Gross Rent Return, Brisbane City **Investors Only**Set across the Brisbane River from the Brisbane CBD this one bedroom apartment was fully refurbished in 2015 at a cost of approx $20,000 and consists of a fully equipped kitchen including dishwasher, oven and hotplates.Other amenities include an in-ground swimming pool, workout room and conferencing facilities.Lease DetailsCurrent Income: Annual rent of $21,319 plus approx $1200** of rebates for servicesNext Rent Increase: 15/10/2016Current Return: 8.86% Gross / Net 6.03%Lease Terms: Lease to 14/10/2017 plus 2 x 5 Year optionsRent Increases: 4% yearly with market rent reviews every 5 years (next due 2017)**Services such as Foxtel, Gas and Electricity are being paid for though the body corporate and as a result the tenant reimburses each quarterApproximate Owner Outgoings:Council Rates: $1264.20 p/a approxWater Rates: $703.92 p/a approxBody Corporate Administration fee: $3990.8 p/a approxBody Corporate Sinking fund: $1250.04 p/a approxFully refurbished, one bedroom apartment on the ground floor. As Lot 7 was occupied, photos are of an identical unit being apartment 226 (The only difference between the two apartments is the carpet and the feature wall, both are different colours. Photo's of lot 7 are available upon request)