SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apartment 4
504 Princes Hwy, Narre Warren 3805

“Quest Narre Warren”

$199,000

THIS IS A SERVICED APARTMENT RUN BY “QUEST” AND IS FOR INVESTMENT ONLY – NOT OWNER OCCUPATION

On offer here is a superb ground floor, fully furnished two bedroom, two bathroom, apartment within this well positioned small boutique complex of only 34 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 has a swimming pool, barbecue area and a dedicated conference facility.

Leased to the Quest Group until July 2010 with further options thereafter.

Current rent: $16,320 pa (Approx)
(With annual 4% increases in rent each July until 2010)

Return: 8.2 %

Options: 3 x 5 year options

Tenant (Quest) Pays: Body corporate fees, Council rates, Water rates, Insurance, General maintenance and Water usage

Owner Pays: Sinking Fund $875 pa (Approx)

For further enquires, please call:

Nick Walters of Kingsford Property
0438 557 885 or (03) 9682 6222
nick@kingsfordproperty.com.au

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.