About this property
As an investment opportunity it is has everything you are looking for. Striking returns, attractive location with gross revenue at $28,750 per annum + GST (if applicable). Under lease to hotel operators until 2033 and is investment only with the next rent review date of October 2021.
This unit is a serviced apartment under Quest Hotel management providing guests with reliable boutique accommodation in the central city.
Situated on Johnston Street, it is the perfect location regarded as the golden triangle, being Parliament, Lambton Quay and The Waterfront.
•Spacious 76m2 Penthouse unit with CBD outlook
•Recently refurbished and comes fully furnished
•Not available for owner occupation
•Secure building and access
•Well configured floor plan
Council rates approx. $4,473 per annum
Body corp. circa $14,513 per annum
This property is returning 3.90% net on a purchase price of $25,000.
This hands-free investment is a great next step for your property portfolio, the real value of this asset will be achieved at the end of the lease when owner occupation can take place. See it for yourself and I will explain. Call Warrick now to arrange your personal viewing time.