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Quest Chermside on Playfield is located in the heart of Chermside and is just minutes north of Brisbane’s CBD, and only 15 minutes from Brisbane’s Domestic and International Airport terminals. A short walk to Westfield Chermside and within driving distance to Suncorp Stadium, Enoggera Army Barracks and Brisbane Showgrounds.
Only 5 years old, this 2 bedroom front facing apartment has spacious open plan living zones, large terrace balcony, and carpark on title.
4% annual increases to the rent until 2025!
Lease Details:
Current Rent: $450 per week -$23,400 pa
Current Return: 5.72% Gross - 4.91%- Net
Scheduled rent increases as follows:
Nov 2021 + 4% - $24,336 = 5.95% Gross
Nov 2022 + 4% - $25,309 = 6.18% Gross
Nov 2023 + 4% - $26,321= 6.43% Gross
Nov 2024 + 4% - $27,374 = 6.69% Gross
Market review- 2025.
Terms: Lease to 16/11/2030 plus 2 x 5 Year options
Market review- 2025.
Terms: Lease to 16/11/2030 plus 2 x 5 Year options
Rent Increases:
4% increases pa with market rent reviews every 5 years (next due 2025)
*** PLEASE NOTE***
Gross and Net yields noted do not include capital refurbishments or government taxes.
Some images below may be of a generic apartment with the same floor plan.
Situated only a short drive from "River City" - Brisbane, and its array of major attractions including cruises, riverfront dining, galleries, shopping precincts, markets, cafes and bars.
Large 2 bedroom lot boasting 78m2 internal living, and 11m2 entertainers front facing terrace/ balcony.
Full ensuite to master, family and meals area and fully equipped kitchen with dishwasher, wall oven and hotplate.
5 years old, the apartment includes a carspace on title,
*** PLEASE NOTE*** the property will be due for carpet and paint upgrades this 5 year term.
Approximate Owner Outgoings:
Council Rates: $1544 per annum
Water Rates: $895 per annum
OC Sinking Fund: $844 per annum
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