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.
Quest serviced apartment
Guaranteed income/secure return
15 year lease
4% annual increase in rent
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.
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