Note: This property is for Investors only – Rent: $1,016 per week

This centrally located apartment offers investors the opportunity to own a high yielding inner City apartment with a constant rental income.
Leased to Quest Potts Point, a well-respected hotel operator and assures you receive a set rental income (not dependent on your suites occupancy).

Lease Details:
Current Rent: $1,016 per week ($52,980 pa)
Next Rent Increase: 1st December 2017
Lease Terms: Lease to 30/11/2018 plus 4 x 5 Year options
Rent Increases: 4.5% yearly with
Rent review: at the expiry of each option (next due 2018) cannot increase or decrease by more/less than 6%

Approximate Owner Outgoings;
Council Rates: $173 per annum
Water Rates: $200 per qtr
Strata Admin: $818 per qtr (Paid by tenant)
Strata Sinking: $816 per qtr