Call all Investors, this set and forget investment is returning NET 7.11%. Relax and enjoy a hassle-free investment property on a long-term lease with well renowned Quest Apartments. No vacancy, no management fees, no letting fees and no advertising costs. Just a high-income producing asset, leased 365 days a year.
This outstanding 1-bedroom balconied apartment is located on the 1st floor and enjoys a sunny, treed and private North facing view. Further advantaged by a titled undercover car space, and only a short walk the St Kilda's beachside promenade and foreshore, St Kilda Pier, Acland Street eateries and bars, as well at Fitzroy Street entertainment precinct and a tram that will zip you into the city in 30 minutes, via South Melbourne market, Albert Park Lake (F1 Grand Prix circuit) and the Melbourne Sport and Aquatic Centre (MSAC).
We are delighted to offer you this well-maintained low maintenance apartment, which features modern kitchenette, spacious sun filled living room with meals area, generous bedroom and a modern ensuite bathroom with laundry facilities. This one definitely ticks all the boxes and won't last long, so pack your bags for this amazing opportunity before you miss the chance. Building amenities include onsite gym, and pool.
Financials are below:
Lease commencement: 01/07/2022
Period: 5 Years
Current lease expires: 30/06/2027
Options: Four (4) x Five (5) year options
Income: $1,858.28 pcm = $22,299.30 p.a.
4% annual increases
Outgoings $3,446.94 p.a.
NET Income $18,852.36 p.a.
Perfect peace of mind addition to your SMSF, just set and forget.
For further details contact Richard Crane on 0412 333 331
