ENTRY LEVEL 2 BED INVESTMENT LONG-TERM LEASE TO 2033
2 BEDROOMS | 1 BATHROOM | COURTYARD + CAR PARK ON TITLE
Be quick to secure this entry-level two-bedroom, one-bathroom investment in the thriving regional seaside town of Portland.
2 BEDROOMS
1 BATHROOM
COURTYARD
CAR PARK ON TITLE
With a long first term of lease through to 2033 and five further 5-year options, this property presents an opportunity to add a long-term leased investment to your portfolio at an entry-level price.
Set amongst the natural beauty and historic charm of Portland, Quest Portland is ideally located on Victoria's stunning south-west coast, approximately 1 hour and 15 minutes west of Warrnambool.
Rich in maritime history and heritage, Portland boasts over 200 National Trust-classified buildings and is home to the only deep-water seaport between Melbourne and Adelaide.
LEASE DETAILS
Price: $235,000
Current Rent: $21,524 p.a. - $413 p.w.
Current Monthly Rent: $1,793.70
Gross return: 9.15%
Net Return: 7.15%
RENT INCREASES AS FOLLOWS:
June 2027: + 4% = $22,385 p.a. 9.53% Gross
June 2028: Market Review
June 2029: + 4%
June 2030: + 4%
June 2031: + 4%
June 2032: + 4%
LEASE TERMS
Lease to 30/06/2033 plus 5 x 5-year options.
APPROXIMATE OWNER OUTGOINGS
Council Rates: $1000
Water Rates: $920 p.a.
Owners Corporation / Strata Levy: $2,800 p.a.
Total outgoings: $4,720 per annum
Please note the Council Rates are currently being confirmed. Outgoings are approximate and may be subject to change by the relevant authorities.
PORTLAND LOCATION
Located just 100 metres from the heart of this thriving seaside town, Quest Portland places guests within easy reach of retail shopping, cafés, restaurants and the bustling commercial precinct.
The town's sheltered harbour, marina, grassy foreshores and the sands of Nuns Beach are all just a short stroll away, making Portland an attractive base from which to relax, explore and experience the region's unique coastal lifestyle.
Combining a current annual rent of $21,524, an approximate 9.16% gross return, scheduled rental increases and a lease through to 2033 with 5 x 5-year options, this property presents an entry-level opportunity for investors seeking a long-term leased regional investment.
BE QUICK TO SECURE THIS PORTLAND INVESTMENT $21,524 P.A. RENT | 9.16% GROSS RETURN | LONG-TERM LEASE TO 2033
Please note property may be due for some upgrades this term of the lease. Please phone for more information. Images may be generic to the building.
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Annie Strafford
Sales Agent
Ph: 0406 322 888
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
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 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 enquiries in order to determine whether or not this information is in fact accurate.
