INVESTORS $20,576 RENT PA | 8.98% GROSS / 6.91% NET
Quest Bendigo is conveniently located just 5km from Bendigo's CBD. With plenty of cafés and restaurants nearby, guests are spoilt for choice.
Nearby attractions include Rosalind Park, the Golden Dragon Museum, the View Street Arts Precinct, Central Deborah Gold Mine tours, Bendigo Stadium and the Prince of Wales Showground.
Well known for its strong economic and employment base, Bendigo also boasts a rich history dating back to the gold rush era. Ongoing infrastructure investment, population growth and strong connectivity to Melbourne and surrounding regional centres further strengthen Bendigo's attractiveness as an investment destination.
PROPERTY DETAILS
Lot 29, 489-493 High Street, Golden Square
2 Bedrooms 2 Bathrooms Balcony Car Park
This well-positioned two-bedroom apartment within Quest Bendigo offers investors an attractive combination of strong rental returns, scheduled rental growth and a long-term lease.
Please note that the carpet and paint are due for updating.
The bathrooms are scheduled to be upgraded during this term of the lease.
INVESTMENT DETAILS
Price: $229,000
Current Rent: $395 per week $20,576 per annum
Current Gross Return: 8.98%
Current Net Return: 6.91%
SCHEDULED RENT INCREASES
March 2027: +5% = $21,604.80 p.a. 9.43% Gross Return
March 2028: +5% = $22,685.04 p.a. 9.90% Gross Return
March 2029: +5% = $23,819.29 p.a. 10.40% Gross Return
March 2030: Market Review
LEASE TERMS
Lease to 29/03/2030 with 4 x 5-year options
Market Review: March 2030
APPROXIMATE OWNER OUTGOINGS
Council Rates: $2,305 per annum
Water Rates and Usage: Paid by Hotel Tenant
Body Corporate Administration Fee: Paid by Hotel Tenant
Body Corporate Sinking Fund: $2,436 per annum
Total Owner Outgoings: $4,741 per annum
With a current gross return of 8.98%, a net return of 6.91% and scheduled 5% annual rental increases, this property provides investors with an attractive income stream and clear rental growth.
Please note some images may be generic and not of exact lot
For more information, please contact Mandy Fountain 0408 10 30 10
Director and Licensed Real Estate Agent
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 inquiries in order to determine whether or not this information is in fact accurate.
