Just completed full refurbishments to main kitchen, kitchenette and with bathrooms refurbished in 2021 this dual key investment provides a solid weekly return at $747 per week.
With rents paid regardless of occupancy and scheduled rental increases locked in annually until 2030- its a fabulous high yielding lot.
Lease Details:
CURRENT RENT : $747 per week - $38,868 pa
Return: 7.13% Gross - 6.46%- Net
DEC 2026 + 3% = $769 pw- 7.34% gross
DEC 2027 + 3% = $792 pw- 7.57% gross
DEC 2028 + 3% = $816 pw - 7.79% gross
DEC 2029 + 3% = $840 pw - 8.03% gross
DEC 2030 - Market Review.
Leased to: 22/12/2025 - 21/12/2030 plus 4 x 5 Year options
Rent Increases: 3% pa until 2030
Approximate Owner Outgoings:
Council Rates: $2300 per annum -
Water Rates: $360 per annum -
Strata Maintenance levies: $990 per annum
Strata Body Corporate Administration Fee: Paid by tenant
KITCHEN, KITCHENETTE ENSUITE & MAIN BATHROOM REFURBISHED! 2 BEDROOM- TWIN KEY, 2 BATH + CARPARK
As one of the largest regional cities in NSW, and the capital of the Riverina, Wagga Wagga is often referred to as the Garden City with its tree-lined streets, sculpted parks and award-winning gardens. Wagga Wagga's economic environment provides an excellent place for businesses to develop and prosper with easy access to transport infrastructure such as the Wagga Wagga Airport and National Highways linking the City with the rest of Australia. Quest Wagga Wagga is ideally located in the business district of town.
Boasting a spacious 86m2 of internal living space + 10m2 outdoor balcony, this impressive 2 bedroom twin key residence features open plan living with family room, dining area, main kitchen and second kitchenette all overlooking manicured gardens and swimming pool area.
Please note: Due to long term guest some images may be generic.
CALL MANDY FOUNTAIN TODAY TO DISCUSS IN MORE DETAIL.
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