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Apartment
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for sale
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INVESTORS UNDER LONG TERM LEASE $747 per week rent with Dual key apartment
Alfredtown
· 2 Bedrooms · 2 Baths · Apartment
· Equipped kitchen
Alfredtown · 2 Bedrooms · 2 Baths · Apartment · Equipped kitchen
Just completed full refurbishments to main kitchen, kitchenette and with bathrooms refurbished in 2021 this dual key investment provides a solid weekly return at $747 per week. With rents paid regardless of occupancy and scheduled rental increases locked in annually until 2030- its a fabulous high yielding lot. Lease Details: CURRENT RENT: $747 per week - $38,864 pa Return: 7.74% Gross - 7.01%- Net DEC 2026 + 3% = $769 pw- $40,029 pa- 7.97% gross DEC 2027 + 3% = $792 pw- $41,229 pa- 8.21% gross DEC 2028 + 3% = $816 pw - $42,465 pa- 8.45% gross DEC 2029 + 3% = $840 pw - $43,739 pa- 8.71% gross DEC 2030 - Market Review. Leased to: 22/12/2025 - 21/12/2030 plus 4 x 5 Year options Rent Increases: 3% pa until 2030 Approximate Owner Outgoings: Council Rates: $2300 per annum - Water Rates: $360 per annum - Strata Maintenance levies: $990 per annum Strata Body Corporate Administration Fee: Paid by tenant KITCHEN, KITCHENETTE ENSUITE & MAIN BATHROOM REFURBISHED! 2 BEDROOM- TWIN KEY, 2 BATH + CAR
Just completed full refurbishments to main kitchen, kitchenette and with bathrooms refurbished in 2021 this dual key investment provides a solid weekly return at $747 per week. With rents paid regardless of occupancy and scheduled rental increases locked in annually until 2030- its a fabulous high yielding lot. Lease Details: CURRENT RENT: $747 per week - $38,864 pa Return: 7.74% Gross - 7.01%- Net DEC 2026 + 3% = $769 pw- $40,029 pa- 7.97% gross DEC 2027 + 3% = $792 pw- $41,229 pa- 8.21% gross DEC 2028 + 3% = $816 pw - $42,465 pa- 8.45% gross DEC 2029 + 3% = $840 pw - $43,739 pa- 8.71% gross DEC 2030 - Market Review. Leased to: 22/12/2025 - 21/12/2030 plus 4 x 5 Year options Rent Increases: 3% pa until 2030 Approximate Owner Outgoings: Council Rates: $2300 per annum - Water Rates: $360 per annum - Strata Maintenance levies: $990 per annum Strata Body Corporate Administration Fee: Paid by tenant KITCHEN, KITCHENETTE ENSUITE & MAIN BATHROOM REFURBISHED! 2 BEDROOM- TWIN KEY, 2 BATH + CAR
Request Details