Lot 3/25-29 Heygarth Street

Echuca VIC 3564

96 m²

Apartment

Currently for sale - view listing

Overview

Commercial Investment- Receiving $347 per week rent, 9.76% gross return

INVESTORS $347 PER WEEK RENT - $18,050 per annum 9.76% GROSS RETURN LOT 3- Featuring a large total floor space of approximately 96m2, this lot is being offered for sale as a conference room under long term lease with Quest Apartment hotels. Lease Details: Rent as of July 2026: $347 per week - $18,050 pa Returns: 9.76% Gross, 7.18% Net Increases as follows: July 2027+ 4% = $18,772 - 10.15% gross Lease Terms: Lease to 07/07/ 2028 with 6x 5 yr options Scheduled 4% increases- with market rent reviews every 5 years (next due July 2028) Please note gross and net yields do not include future upgrade works or government taxes Lot includes a fully equipped Kitchen (which is currently used for staff), and two x store rooms essential to business operations. Data/modem points providing internet access Commercial lot - All areas currently leased by Quest Echuca on a secure long-term lease. Rent is fixed- not dependant on occupancy. Quest Pay all owners corporation Admin levies, & building insurance. Car park on title This lot comprising of a conference room, fully equipped kitchen and 2x storerooms provides local businesses, companies and organisations, or travelling corporates needing a space to conduct boardroom style meetings, interviews or to introduce and display products. The kitchen and storerooms are currently being used staff and storage and imperative to hotel operations. CONFERENCE ROOMS APPEAL TO INVESTORS LOOKING FOR LOW-MAINTENANCE, HASSLE-FREE SPACES WITH MINIMAL WEAR AND TEAR. Approximate Owner Outgoings: Council Rates: $1573 pa Water Rates: $880 pa Body Corporate Administration fee: Paid by tenant Body Corporate Sinking fund: $2319 pa No management or leasing costs, no vacancy periods, rents paid regardless of usage. Please phone Mandy Fountain for more information 0408 10 30 10 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.