44/66 Julia Street

Portland VIC 3305

Apartment

Currently for sale - view listing

Overview

3 Bed and 2 bath- no management fees and rents paid regardless of occupancy

ENTRY LEVEL 3 BED INVESTMENT- LONG TERM LEASE. Be quick to secure this entry level 3 bedroom 2 bathroom investment in a thriving regional town. 3 BEDROOMS 2 BATHROOMS COVERED BALCONY CARPARK ON TITLE ENSUITE TO MASTER BEDROOM. Spacious open plan living room, with outdoor covered area. The open plan kitchen features built-in oven, hot plate, and dishwasher Allocated parking on title - with long first term of lease until 2033 Great addition to the portfolio at entry level pricing. Set amongst the natural beauty and historic charm of Portland, Quest Portland is ideally located on Victoria's stunning south-west coast, just 1 hour and 15 minutes west of Warrnambool. Rich in maritime history and heritage, Portland boasts over 200 National Trust-classified buildings and is home to the only deep-water seaport between Melbourne and Adelaide. Lease Details: Current rent : $400 per week / $20,813 pa Returns: 9.08 Gross - 6.89% Net Rent increases as follows: July 2027 + 4% = $21,645 - 9.45% gross July 2028 - Market Review. July 2029 + 4% July 2030 + 4% July 2031 + 4% July 2032 + 4% Lease to 30/06/2033 plus 5 x 5-year options Approximate Owner Outgoings: Council Rates: $1408.00 Water Rates: $810.00 Body Corporate Administration Fee: Paid by tenant Body Corporate Sinking Fund: $2811 per annum Located just 100 metres from the heart of this thriving seaside town, Quest Portland places guests within easy reach of retail shopping, cafe's, restaurants and the bustling commercial precinct. The towns sheltered harbour, marina, grassy foreshores and the sands of Nuns Beach are all just a short stroll away, making it the perfect base to relax, explore and experience the regions unique coastal lifestyle. Please note property may be due for some upgrades this term of the lease. Please phone for more information. Images may be generic to the building. 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.