For investors only, this 2 bedroom apartment at Quest Wollongong comes with a secure, long term lease where rents are paid monthly regardless of occupancy and all the daily maintenance is taken care of by Quest.
Combining all the benefits of a bricks and mortar, strata tilted investment with the Quest lease providing built-in rent increases yearly until 2020 and no management fees, no letting fees and low owner outgoings.
Current rent $22,612pa ($434pw)
4% rent increases in June 2016, 2017, 2018 and 2019
Current lease term expires June 2020 with a further 4x5 year options (to 2040)
Approx. Owner outgoings:
Council rates $1168 pa
Water rates $650 pa
Owner's Corp Admin fee: paid by tenant
Building insurance: paid by tenant
Owner's Corp Maintenance fund: $1172
Built in 2005 and recently refurbished under our regular maintenance program, this apartment features 2 bedrooms with built-in robes, spacious open plan living/dining, main bathroom plus ensuite, fully equipped kitchen, laundry facilities and a secure car park on title.
