sold
$290,000
03 April 2023
Source: Zango/Govt






Source: Zango/Govt
Blue chip investment 4.6% net return - part of the Quest Apartments in West Row, City
INSPECTIONS BY APPOINTMENT
Studio apartment.
Under lease to Canberra Quest Inn to 31 January 2024 with 4% annual rent reviews.
Motel style design.
Built in kitchenette.
Desk study next to bed.
Bathroom has tasteful styling and design.
Reverse Cycle Air Conditioning.
*Rent Return*
Current Rent pa. $20,206.44
EXPENSES:
Body corporate $ 1,174.52
Rates $4,063.00
Water & Sewerage $ 664.00
City Improvement Levy $ 99.00
TOTAL EXPENSES: $5,973.52
NET RETURN: $14,232.92 approx
*Showing 4.60% net return approx.
*Subject to above calculations.
Great location in the heart of the city.
*Covid-19 protocols in place.
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