At this address is a unit in Adelaide SA. In the council area Adelaide, with 2 bedrooms and 2 bathrooms.
Receiving $589 per week rent return!! Spacious 2 bedroom twin key (2 x one bedroom) apartment featuring full kitchen, and secondary kitchenette along with two bathrooms.*** PLEASE NOTE: THE PROPERTY IS COMMENCING A FULL REFURBISHMENT SHORTLY***The refurbishment will include new kitchen cabinetry, bench tops, tiling and appliances, together with full bathroom upgrade and new carpet and paint. Please contact us for more information.Under long term secure lease with Quest:Lease DetailsCurrent Rent : $589 per week ($30,664 per annum)Rent Return: 9.57% Gross / 6.51% Net**Lease Terms: Lease til November 2023 with 2 x 5 year optionsRent Review: Next market review November 2023Rent Increases: 4% increases per annum until 2023 as follows:2018 + 4% = $613 p/week / 9.96% Gross Return2019 + 4% = $637 p/week / 10.36% Gross Return2020 + 4% = $663 p/week / 10.77% Gross Return2021 + 4% = $689 p/week / 11.20% Gross Return2022 + 4% = $717 p/week / 11.65% Gross Return** Gross and Net yields do not include refurbishmentsApproximate Owner Outgoings per annum:Council (Incl Gov Emergency Levy) $1571.00Water Rates - $ 640.00Owners Corp Admin Levy - $6200.00Owners Corp Sinking fund- $1420.00