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1/69 Gurwood Street

Wagga Wagga NSW 2650

2
2
1
112 m²
Apartment
Currently for sale - view listing

Overview

INVESTORS- UNDER LONG TERM LEASE- $747 per week rent with Dual key apartment

Just completed full refurbishments to main kitchen, kitchenette and with bathrooms refurbished in 2021 this dual key investment provides a solid weekly return at $747 per week. With rents paid regardless of occupancy and scheduled rental increases locked in annually until 2030- its a fabulous high yielding lot. Lease Details: CURRENT RENT : $747 per week - $38,868 pa Return: 7.13% Gross - 6.46%- Net DEC 2026 + 3% = $769 pw- 7.34% gross DEC 2027 + 3% = $792 pw- 7.57% gross DEC 2028 + 3% = $816 pw - 7.79% gross DEC 2029 + 3% = $840 pw - 8.03% gross DEC 2030 - Market Review. Leased to: 22/12/2025 - 21/12/2030 plus 4 x 5 Year options Rent Increases: 3% pa until 2030 Approximate Owner Outgoings: Council Rates: $2300 per annum - Water Rates: $360 per annum - Strata Maintenance levies: $990 per annum Strata Body Corporate Administration Fee: Paid by tenant KITCHEN, KITCHENETTE ENSUITE & MAIN BATHROOM REFURBISHED! 2 BEDROOM- TWIN KEY, 2 BATH + CARPARK As one of the largest regional cities in NSW, and the capital of the Riverina, Wagga Wagga is often referred to as the Garden City with its tree-lined streets, sculpted parks and award-winning gardens. Wagga Wagga's economic environment provides an excellent place for businesses to develop and prosper with easy access to transport infrastructure such as the Wagga Wagga Airport and National Highways linking the City with the rest of Australia. Quest Wagga Wagga is ideally located in the business district of town. Boasting a spacious 86m2 of internal living space + 10m2 outdoor balcony, this impressive 2 bedroom twin key residence features open plan living with family room, dining area, main kitchen and second kitchenette all overlooking manicured gardens and swimming pool area. Please note: Due to long term guest some images may be generic. CALL MANDY FOUNTAIN TODAY TO DISCUSS IN MORE DETAIL. Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.

Features

2 bedrooms
2 bathrooms
1 carspace
112 m² floor area
Apartment

Happy sellers in Wagga Wagga

85%
85% of sellers in Wagga Wagga reported that their sale price either exceeded or met their price expectations.

Wagga Wagga stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 18 reviews in Wagga Wagga over the last 12 months.

Local market activity for 2 bedroom apartments in Wagga Wagga

In the last 12 months, 9 two-bedroom apartments similar to 1/69 Gurwood Street, have been sold.

This represents a 14% decrease in two-bedroom apartments sales when compared to the previous 12 months.

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