2 bed, 2 bath, Carpark & balcony returning $618.00 p/w rent.
FRONT FACING- 2 bedroom twin key apartment, with large open plan living, galley style kitchen (and 2nd kitchenette) 2 bathrooms & 2 bathrooms.
A spacious covered balcony with a leafy aspects to the historic FERNSHAW (Circa 1867 - grand Victorian building) and ocean glimpses.
Boasting a large 92m2 internal living and 6m2 balcony with Secure underground carpark on title.
Carpet and paint last redone in 2014.
Quest Geelong is ideally located near Geelong's vibrant Waterfront and Central Business District and conveniently positioned via major arterial access. Features surrounding the hotel include Cunningham Pier, Eastern Beach, The Geelong Arena, Botanical Gardens, Little Creatures Brewery, Adventure Park Geelong and The Great Ocean Road.
Geelong is Victoria's second largest city, and a hot spot for investors with the recent announcment's of both National Disability Insurance Scheme (NDIS) and Worksafe headquarters relocating to Geelong, together with $1 billion Avalon Freight Precinct that would position the region as Victoria’s major road, rail, air and sea transport hub and create 3,000 local jobs.
Quest Geelong won Serviced Apartments Australian Franchise of the Year 2012.
Lease Details
Rent ** $618.09 per week ($32,140 p/a) (**As of 30/10/2017)
Next Rent Increase: 1st November 2019
Current Return: 6.72% Gross rental return
Lease Terms: Lease to 30/10/2020 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)
Approximate Owner Outgoings:
Council Rates: $2802 pa
Water Rates: $620 pa approx
Body Corporate...