Need an investment property but don’t want the hassle of unpaid rent or maintenance? Then this fully furnished Quest hotel room is for you!
A solid and very structured investment with 4% increases every year. Currently returning approximately $14,546.00 per year (apx $1,212.00 per month). You won’t have a problem with tenancy as the apartment is on a 5 year lease with the option of (+5+5+5).
Income*
$14,546.00 per annum (paid monthly)
5+(5+5+5) year lease
with 4% fixed increases every year review at each lease period
Furnishings all paid up until 2014
Outgoings*
Strata Rates – $1200 per quarter
EMS – $223.85 pa
Water Rates – $620.20 pa
Council Rates – $1036.80 pa
*Figures provided are to be used as a guide and should be verified by the appropriate authority.
This investment is for people who want a high return and don’t like the surprises and stress of the average rental property.
To find out all investment details contact Stuart Costello on 0418 963 642 or stuart@magainagain.com.au (RLA 46284)