Two bedrooms, tenant pays Council, Water & Admin levies. Spacious Two bedroom apartment with full kitchen with stainless steel appliances, spacious lounge and meals area, and main bathroom.Securely leased to Quest & located in the CBD, its only minutes from Crown Casino, Etihad Stadium, Southbank, Queen Victoria Market and The Arts Precinct and Bourke Street Mall Shopping.3% rental increases per annum until 2023!Quest pay Council, Water & Ownercorporation Admin Levies!Current Rent: $428 per week ($22,293 per annum)Current Return: 6.02% Gross / 5.80 NetLease Terms: Lease to 09/01/2023 with 3 x 5 year optionsRent Increases: 3% annual increases as follows:Jan 2019- $22,962 pa- 6.20%Jan 2020- $23,651 pa- 6.39%Jan 2021- $24,360 pa- 6.58%Jan 2022- $25, 091 pa- 6.78%Next Market Review 2023**PLEASE NOTE**As is common with Quest Apartments this property is due for refurbishments. Upgrade scope will include:Full refurbishment of bathrooms (remove bath tubs and replace with modern double shower) ,New carpets, New kitchen flooring & bench tops