2 bed, 2 bath twin-key apartment + allocated car park. Investment apartment under lease with Quest Apartment Hotels.
$766 per week rent return.
7.52% Gross & 6.49% Net Rent Return
Quest Rockhampton is situated on the banks of the Fitzroy River along Victoria Parade in the Rockhampton CBD, within walking distance to art galleries and Pilbeam Theatre, dining, shopping, entertainment and sporting precincts such as the Rockhampton Showgrounds.
Rockhampton's central location along major north, south and west freight infrastructure routes, together with major mining and a large customer and labour workforce, all drive growth to the region. The property is situated only 3.8km from Rockhampton Airport, making it ideal for fly-in fly-out workers.
Price: $529,500
Lease Details:
Current Rent: $766 per week $39,841 per annum
Current Return: 7.52% Gross 6.49% Net
Rent Increases as follows:
October 2027 + 4% = $41,434 per annum 7.82% Gross
October 2028 Market Review
Lease Terms: Lease to October 2028 with 4 x 5-year options remaining.
This spacious front-facing two-bedroom twin-key apartment offers the flexibility of an interconnecting layout that can be split into a one-bedroom apartment plus studio or leased as a full two-bedroom apartment.
Enjoy full Fitzroy River views from both balconies, providing impressive river outlooks from this front-facing position.
The apartment has just undergone carpet and paint refurbishments, presenting a fresh and updated interior.
Quest Rockhampton boasts steady and consistent occupancy, with full rents paid to landlords throughout the COVID period. Regional franchise properties for the brand average around 88% occupancy during peak operational periods, supported by steady corporate and leisure travel along the Fitzroy River.
Floor plans included in the advertisement below.
Allocated car park included.
Please note gross and net yields do not include government taxes or future capital works.
Approximate Owner Outgoings:
Council & Water Rates: $3,254 per annum
Body Corporate Sinking Fund: $2,200 per annum
Total Approximate Owner Outgoings: $5,454 per annum
Please note outgoings are subject to change by the relevant authorities.
For further information, please contact Mandy Fountain on 0408 10 30 10.
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 or not this type of investment is suitable for their specific needs.
The information contained has been provided by 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.
