Spacious 2 bedroom 2 bathroom 1 carpark apartment - part of the Quest Apartments Hotel.
Inspections by appointment and subject to access availability.
Corner position with covered arched full length balcony.
Allocated carpark in Odgers Lane at rear of the apartments.
Apartment area - Living - 64m2 + Balcony- 49m2.
Leased to Canberrra Quest Inn Pty Ltd for 4 years plus 5 year option.
Showing a 4.36% net return as per investment brief below.
Excellent opportunity to purchase an easy investment with a solid return.
7/28 West Row City - set in the historic Melbourne Building on 1st floor in the heart of Canberra City. Amazing wrap around high ceiling and arched balcony.
Currently leased to Canberra Quest Inn Pty Ltd.
Gross annual rent paid to owner $32,424.00
Lease to Canberra Quest Inn
4 years expire 2024 + 5 year option
Rent review 3.0% pa on lease expiry 2024
Expenses pa approx.
Body Corporate $2,936.24
Rates (2020 - 2021) $5,886.14
Water & Sewerage $ 667.34
City Improvement Levy $ 249.49 $ 9,739.21
Approx Net Income pa $22,684.79
Showing 4.36% net return - subject to above calculations.
*Covid-19 protocols in place.
Disclaimer: We take the utmost care in providing information regarding properties advertised for sale, however we accept no responsibility and disclaim all liabilities in regards to any errors or inaccuracies contained in advertising material. All parties should rely on their own investigation to authenticate information.
No open inspections scheduled.
Contact Peter Andrighetto to learn more about this property, request an inspection or take an online tour.