If you are look at selling or buying an investment property contact me.
This modern three-bedroom Torrens titled townhouse with a lease until 2017 and extensions until 2027 could be your ideal long-term investment.

If you are tired of chasing rents and property managers and would like to sit back and let your rents come in each month without the headaches. Quest on Sturt (the tenant) have their own handyman to fix minor things and cleaners to keep your property in pristine condition. Quest pay the building insurance, water usage and then pay rent direct to you bank account each month, so no need for a real estate property manager.

Townhouse Features:
Floating floors to the kitchen, dine, hallway and Lounge
Main bedroom has a built in robe, ensuite and balcony
Rear courtyard
Lock up garage with remote controlled door
Ducted reverse cycle air-conditioner

Property Facts:
7 Sparman Close, Adelaide SA 5000 known as Quest Townhouse 31
Title: Torrens Fee Simple
Current lease runs until the 31st July 2017, plus Quest have 2 rights of renewal of 5 years.
Net Rent paid monthly and building insurance equals approx.
All water usage, furniture and curtains are the tenants responsibility.
Rent increases 4% annually on 1st August and market reviews in 2017 and 2022.
Street Management Levy: $100.00 per quarter.
Council Rates: $487 per quarter
SA Water Rates: $194 per quarter
Built: 2001
Zoning: Capital City Zone

Note: Sale of this property or loan default will NOT break the lease.

Worst case scenario: Quest move out one day and you property jumps in price as current demand for owner occupiers group brings a premium as the property is located just a short walk from the tram, the central market, the legal precinct, Gouger Street, China town and a short stroll to CBD offices and shops.

As this property is leased to Quest most inspections are arranged between check out and check in times of 11:00 am to 1:00 pm, however other times can be arranged when the townhouse is unoccupied, so email or phone David on 0403 006 372 to arrange a time that suits you.

RLA 217 949