Forget the share market, in times of economic turmoil this bricks and mortar investment returning 8% with a long term tenant will ensure you sleep well at night.
The lease has just been renewed with Quest Serviced Apartments on a 4 X 5 year lease with a huge 8.0% return. This stunning apartment offers above average income plus the security that only blue-chi p property can offer. As well as secure income there are no body corp. fees to pay and rental increases have been built into the lease for you! The spacious bedroom with BIR, modern bathroom with European laundry, kitchen with S/S appliances, large family/meals area, private courtyard and secure car park this one really does tick all the right boxes. With Box Hill Central and TAFE just a few hundred meters away, Swinburne TAFE, Mont Albert Station and trams all nearby investing in property with true value and long term security has never been easier.
Income for next 5 years of lease:
Year 1 – $ 16,227
Year 2 – $ 16,227
Year 3 – $ 16,876
Year 4 – $ 17,551
Year 5 – $ 18,253
Total: $ 85,134
Finance packages for this apartment are available, please ask agent for details.
Contact Agent:
Mark Brilliant: 0450 101 955