- Approx Floor Area: 33 sqm
- Property Type: Tourism / Motel / Hotel
About this listing
Your chance to own a fully maintained investment property with a long term lease for a very low entry cost.
Leased to the Quest until September 2030 plus 2 x 5 year rights of renewal makes for a very steady, long term income from this studio apartment.
Rental will increase by 2% annually and reset with a market rent review every 5 years. Current annual rental is $13,265 plus GST with the first market rent review due September 2020.
Outgoings are currently around $3,500 + GST, unrecoverable from the tenant.
A more passive property investment will be extremely hard to find.
Leased to the Quest until September 2030 plus 2 x 5 year rights of renewal makes for a very steady, long term income from this studio apartment.
Rental will increase by 2% annually and reset with a market rent review every 5 years. Current annual rental is $13,265 plus GST with the first market rent review due September 2020.
Outgoings are currently around $3,500 + GST, unrecoverable from the tenant.
A more passive property investment will be extremely hard to find.
