If you are tired of chasing rents and would like to sit
back and let the rents come in each month without the
headaches. Quests apartments (www.questapartments.com.au
Quest manage over 120 serviced apartments complexes around
Australia, New Zealand and Fiji.) they have their own
handyman to fix minor things and cleaners to keep your
property in pristine condition. Quest pay the building
insurance and pay your rent direct into you bank account
each month, so you have no need to employ a real estate
property manager. Quest have an office in the group and
their night manager lives in the same street as this
townhouse.
The current lease term runs until 30th June 2012 and Quest
have options until 2027. (Approx 17.5 Years) As Quest
currently plan to stay on: THIS PROPERTY SHOULD ONLY BE
CONSIDERED AS AN INVESTMENT PROPERTY. Change of property
owner does NOT break the lease. Due to the length of the
lease this property has been discounted when compared to
similar owner-occupier townhouses in the group.

This 3 Bedrooms Townhouse features:
Quality paintwork through out.
Floating timber floors in the lounge hallway.
Gourmet kitchen with SMEG appliances.
Main bedroom has built in robe, ensuite and balcony
Two bathrooms with IXLtastic lights/heating.
Quiet rear courtyard and spacious front balcony.
Ducted reverse cycle air-conditioning
Lock up garage with a remote controlled door

Rent $1,533 paid monthly, plus content and building
insurance, regardless of occupancy.
Rent Review: Automatic 4% rental Increase each August
(1/8/10 New rental $1,594 pm) and market review every 5
years with the next Market Review on 1st August 2012.
Zoning: Mixed Use Zone: King William Street South Policy
area 28
Number on Door: Quest 51.
Council: The City of Adelaide $1721 pa, SA Water $724 PA,
ESL $336 PA, Street Management $83 pq.
Year Built: 2001

No worries about the rent if Quest move out or default your
property jumps in price as current demand for owner
occupiers in this group, currently brings a $60,000
premium. Located just walking distance from the legal
district, the Central Market and across the road from the
tram to Rundle Mall, North Terrace or the beach.

For More Information or Inspection (by Appointment) contact
David Beattie 0403 006 372 Ray White Commercial RLA 46801