SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists
“QUEST NARRE WARREN”
Apartment 15
504 Princes Hwy, Narre Warren 3805
$217,000
THIS IS FOR THE ASTUTE INVESTOR ONLY – NOT FOR OWNER OCCUPATION.
On offer here is a superb ground floor, fully furnished three bedroom, two bathroom, apartment within this well positioned small boutique complex of only 34 serviced apartments.
A car park is also on title.
Quest Narre Warren is a 4 star serviced apartment accommodation provider located 40 kms South East of Melbourne’s CBD and is within the rapidly growing suburb of Narre Warren the 3rd fastest growing region in Melbourne.
The complex also boasts a swimming pool, barbecue area and a dedicated conference facility.
Leased to the Quest Group until July 2010 with further options thereafter.
Current rent: $18,207 pa (Approx)
(With annual 4% increases between market reviews)
Return: 8.4 %
Options: 5 x 5 year options
Tenant Pays: Body corporate fees,Council rates, Water rates, Insurance, General maintenance and Water usage
Owner Pays: Sinking Fund $1,224 pa (Approx)
For further enquires, please call:
Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
[email protected]
Although every care has been taken in the preparation of the above information, we stress particulars herein are
for information only, and do not constitute representation by the Owner or the Agent.