On level 6 of this modern 11 year old city centre development, a one bedroom serviced apartment leased to the successful Quest Group. Just 3 blocks to the beach and cycleway and popular Blue Mile walkway, with restaurants, coffee shops and major retail outlets in the new GPT shopping centre close by. Basement security parking space and serviced by lift. Leased all year round for $378 per week, shows a 6.3% G.A.R. Term 14.06.2015 to 14.02.2020 with 4 x 5 year options to follow. A solid fixed long term lease. Rent increase of 4% pa due 14.06.2016.
Benefits to Investors:
- Continuous income regardless of room being occupied or not. ie 100% tenancy.
- No changeover of tenants and associated cost.
- No management fees.
Under the terms of the lease, owner only pays the sinking fund proportion of strata levies, being $286 per quarter.

A trouble free investment worth your consideration!

COUNCIL RATES $1163 PA
WATER RATES $175 PQRT APPROX