Secure investment close to town!!
Bendigo is a vibrant and contemporary regional town in Victoria
with a growing population of 110,000.
Well known for its large economic employment base, together with a rich history dating back to the gold rush- Bendigo won the prestigious Australian Tourism Award in 2011 and 2012.
Updated 2 bedroom, 2 bathroom apartment with spacious living areas consisting of family room and dining area with french doors opening to outdoor decking with pool views.
Recently refurbished with new carpets and paint, re-grouting of tiles and updated kitchen.
Lease Details
Current Rent: $339 p/week - $17,652 per annum
Next Rent Increase: March 2017
Current Return: 7.51% Gross
Lease Terms: Lease to 29/03/2020 with 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
SET RENTAL INCREASES UNTIL 2020 AS FOLLOWS
March 2017- 7.81%
March 2018- 8.12%
March 2019- 8.44%