Ideally located amongst thriving Newcastle CBD and within close proximity to cosmopolitan Honeysuckle precinct is this fabulous two bedroom unit located on the 7th floor of the Quest Apartments.
Current lease in place to The Quest until September 2021 with an option of 5 years. Current rental income $23,776.80 per year ($457.24 per week/$1981.40 per month)approx. with 4% annual increases.
Upon entry you are greeted with the galley style kitchen that includes dishwasher, flowing onto a spacious open plan dining and living room with extra room for a study nook. The master bedroom features a spacious undercover balcony and en-suite, whilst the main bathroom offers a combined bath/shower and is conveniently located across from the second bedroom which features a built in wardrobe.
Take full advantage of Newcastle Light Rail which will be available from early 2019.
Enjoy year round comfort for both heating and cooling with the split system air-conditioning unit and ceiling fans that have been installed. The unit has also been re painted, re carpeted and new light fittings installed. Enjoy all of the benefits of the secure complexes facilities which includes pool, spa and gymnasium. Unit 55 also comes with your own parking space which means off street parking will never be an issue again.
This unit serves the perfect investment opportunity for those seeking to grow their investment portfolio with the following advantages:
Strata Rates $854.20 per quarter (approx.) with the Quest reimbursing the admin fee of $660.55 which means owners are only liable for $193.65 (capital works) approx.
Council Rates are $1,186.69 per annum approx., of which Quest pay 50% or an annual saving of $594.84.
Water rates are $220.05 approx., and usage is paid by The Quest ($88.18) approx.
Don't miss this opportunity to secure this exciting investment opportunity in such a desirable location. Inspection Highly Recommended!
