This is a unit in 123/D083538 Perth WA. In the local government area Perth, featuring 1 bedroom and 1 bathroom.
FULL REFURBISHMENT PAID! 7.47% gross Investors***Take note of this Spacious one bedroom apartment, with full refurbishment due to commence in April and $31,764 all paid by the current owner!Works will include:New Kitchen cabinetry, bench tops appliances, bathroom upgrades, new carpet and paintFor the full refurbishment scope of works please us.** Please note images are of UN-refurbished apartment.**Under long term commercial lease with Quest:Current Rent: $286 per week ($14,875 per annum)Next Rent Increase: 1st July 2019Current Return: 7.47% Gross / 6.08 Net%Increases as follows;July 2019- $297 per week - 7.76% grossJuly 2020- $309 per week - 8.07% grossLease Terms: Lease to 01/07/2021 plus 6 x 5 Year optionsRent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)Quest West End is located in the heart of Perth's CBD, just a short walk to Perth Arena, Perth Convention and Exhibition Centre, His Majesty's Theatre, and Kings Square Precinct.Just beyond, you will find the exciting entertainment precinct of Northbridge and the wonder of Kings Park and Botanic Gardens.Spacious one bedroom apartment featuring lounge and dining area. 53m2 in size.Approximate Owner Outgoings:Council Rates: $1178 paWater Rates: $1190Body Corporate Administration fee: Paid by tenantBody Corporate Sinking fund : $400 p/aApartment is 53m2 internal.A great entry level investment with attractive returns!