BENDIGO 1 BED INVESTMENT $323 PW RENT | 8.33% GROSS RETURN
LOT 36 / 489 HIGH STREET, GOLDEN SQUARE
1 BEDROOM | 1 BATHROOM | GROUND FLOOR | TERRACE + CAR PARK
Be quick to secure this ground-floor one-bedroom investment at Quest Bendigo, offering a terrace, car park and long-term lease with scheduled 5% rental increases.
Quest Bendigo is conveniently located just 5km from Bendigo's CBD, with cafés, restaurants and local amenities nearby.
Nearby attractions include Rosalind Park, the Golden Dragon Museum, View Street Arts Precinct, Central Deborah Gold Mine, 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 connectivity to Melbourne and surrounding regional centres further contribute to Bendigo's appeal as a major Victorian regional centre.
LEASE DETAILS
Price: $202,000
Current Rent: $16,841 p.a. $323 p.w.
Gross Return: 8.33%
Net Return: 6.51%
RENT INCREASES AS FOLLOWS
March 2027: + 5% = $17,683 p.a. 8.75% Gross
March 2028: + 5% = $18,567 p.a. 9.19% Gross
March 2029: + 5% = $19,495 p.a. 9.65% Gross
March 2030: Market Review
LEASE TERMS
Lease to March 2030 with 5 x 5-year extensions.
APPROXIMATE OWNER OUTGOINGS
Council Rates: $2,000 p.a.
Water Rates: Paid by Hotel Tenant
Owners Corporation Sinking Levies: $1,686 p.a.
Owners Corporation Administration Levies: Paid by Hotel Tenant
PROPERTY UPGRADES
Please note the following refurbishment works will be due during the current term of the lease:
Carpet and painting: Due within approximately 16 months.
Bathroom refurbishment works: Due within approximately 13 years.
INVESTMENT BENEFITS
NO MANAGEMENT FEES.
FIXED RENTAL INCOME Rent is not dependent on occupancy.
HOTEL PAYS OWNERS CORPORATION ADMINISTRATION LEVIES AND WATER RATES.
HOTEL OWNS AND MAINTAINS ALL FURNITURE AND WHITEGOODS.
HOTEL MANAGES BOOKINGS AND HOUSEKEEPING At no additional cost or out-of-pocket expense to landlords.
* Please Note Images are or mirror image exact lot *
FOR MORE INFORMATION, PLEASE CONTACT:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
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.
