UNDER OFFER
ENTRY LEVEL INVESTMENT WITH LONG TERM LEASE
Positioned on the first level of Quest Ivanhoe and currently utilized as the business lounge it also includes a 22sqm balcony, bathroom and car space on title.
Long term lease with annual reviews and minimal outgoings.
Future potential residential conversion STCA.
Size: 47 sqm + 22sqm balcony and car park
Rental income: $21,227.52 per annum
Lease: leased until 2018 with 4 x 5 year option thereafter
Rental reviews: Annual 4% increase + market review every 5 years
Outgoings:
Tenant pays: Annual Owners Corporation Fees, general maintenance, water usage and pays rent direct to you without a managing agent
Landlord pays: council and water rates, Owners Corporation maintenance fund