OfferFurnished
$330,000

27/28 West Row,City ACT 2601

Apartment11
On floor: 1

Outstanding Investment in Central Civic Location

This one bedroom first floor apartment at Quest Canberra is a great opportunity to secure a set and forget investment with an income which increases annually. Located in the historic Melbourne Building, in the heart of Canberra, the apartment features a good sized bedroom and living area, and a modern galley kitchen with stone benchtops, glass splashbacks and modern appliances.
This is an excellent investment with a current gross rent of $1973.88 per month or $455 per week which represents an annual gross return of approximately 7.2%. Canberra Quest Inn Pty Ltd is your tenant and each year there is an automatic 4% increase in rent. This agreement allows for 3 x 5 year lease periods giving you a total of 15 years secure return. There are no Management Fees.

Book now to view this beautifully presented and well maintained investment property.


FEATURES



 

  • Quest serviced apartment
  • Guaranteed income/secure return
  • 15 year lease
  • 4% annual increase in rent
  • One bedroom
  • Modern kitchen with stone benchtops and glass splashback
  • Lounge with study nook
  • Reverse cycle air conditioning
  • Located in historic Melbourne Building
  • Close to bustling Civic and the Light Rail station
  • Strata Levy $2172 pa
  • No Management Fees (a saving of approximately 8.8% pa)

 



*Please note that an EER is not required for these apartments as they are under a commercial lease, therefore the stated EER does not apply.


Features
  • Body Corporate
  • Broadband
  • Dishwasher
  • Fully Furnished
  • Shower
  • Split System a/c
Can I afford this property?

Inspections

No open times scheduled. Contact Agent to arrange a viewing.

Key Details

Property Type:Apartment
EER:6
Stamp Duty:$5,620
Floor:1
 
Rod Meates Property

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What's Nearby

Ainslie Primary School, AinsliePrimary School
1.2km
Campbell High School, CampbellHigh School
1.8km
Calvary Private HospitalHospital
4.8km
Canberra CentreMajor Shopping Centre
0.4km
Australian National UniversityUniversity
1km
Merici CollegeCollege
1.6km
City Post OfficePost Office
0.1km

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            City Suburb Information

            Median Sale Price For City
            $520,000
            Average Age
            24 years
            Population
            2,824
            City Profile
            City Occupancy

            Contact agents

            Rod Meates Property

            Rod Meates Property

            View agency details
            Rod MeatesRod Meates Property
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            This listing has been viewed 8185 times. It was first displayed on 10/09/18 and last updated on 25/06/19.