This smart Kangaroo Point unit offers complete functionality and style and poses as the ultimate “set, forget & reap” investment.
It’s a perfect venture to reap the rewards of extremely strong yields and solid capital growth. This apartment is located close to local shops, schools, the Brisbane River, CBD and of course the Story Bridge Hotel.
This property is currently part of the Quest hotel Letting pool but does have the ability to be utilised as a “standard investment property”. If you rent the property out as you would a “normal unit” you could hope to achieve circa $270 - $290 per week.
If you decide to leave the property within the hotel letting pool, Quest offer a Guaranteed rental return of $15,766 per annum. Beyond this there is a 4% increase year on year for the following four years until the agreement is revised. Should you wish to bolster this income even further, you do have the option to renovate the property to bump it in to the “Executive” category. This can be done at relatively low cost but with a significant impact on the rental guarantee figure. The rental guarantee figure includes Quest supplying furniture and servicing/cleaning and managing the property. This income includes various rebates for gas, electricity and Foxtel, and all management/ servicing fees are included. There is also an added perk that if you get 1 weeks free stay in the property per year if you leave it in the Quest letting pool.
The outgoings are:
•Body Corp $4,913 per annum
•Council Rates $269 per quarter
•Water & Sewage Circa $180 per quarter.
All inspections are by appointment and are dependent on the vacancy of the property. Call Daniel now for further information and to book your inspection.
