$553 pw rent- increases until 2025- Investment Apartment

Under long Term Lease with Quest Apartments. <br/>ENSUITE & MAIN BATHROOM REFURBISHED!<br/>2 BEDROOM- 2 BATH + CARPARK<br/><br/>Boasting a spacious 75m2 of internal living space + 8m2 outdoor courtyard, this impressive 2 bedroom residence features open plan living with family room, dining area and kitchen all overlooking an outdoor alfresco - courtyard area.<br/><br/>Just completed full refurbishments to both ensuite and master bathrooms,<br/><br/>With car park on title and set rental increases until 2025, the property also features an inground swimming pool and fabulous position in town.<br/><br/>Lease Details:<br/>Rent as of Dec 2021 : $553 per week -$28,780 pa <br/>Return: 6.69 % Gross - 6.12%- Net<br/><br/>DEC 2022 + 3% = $569 pw- 6.89% gross<br/>DEC 2023 + 3% = $586 pw- 7.09 gross<br/>DEC 2024 + 3% = $604 pw - 7.31% gross<br/>DEC 2025- Market Review.<br/><br/>Leased to: 22/12/2025 plus 3 x 5 Year options<br/>Rent Increases: 3% until 2025, 4% 2026+ <br/><br/>**** PLEASE NOTE***<br/>KITCHEN UPGRADES WILL BE DUE THIS TERM- PLEASE CALL FOR MORE INFORMATION<br/>SOME IMAGES MAY BE GENERIC AND NOT OF EXACT LOT<br/><br/>As one of the largest regional cities in NSW, and the capital of the Riverina, Wagga Wagga is often referred to as the Garden City with its tree-lined streets, sculpted parks and award-winning gardens. <br/>Wagga Wagga's economic environment provides an excellent place for businesses to develop and prosper with easy access to transport infrastructure such as the Wagga Wagga Airport and National Highways linking the City with the rest of Australia. <br/>Quest Wagga Wagga is ideally located in the business district of town.<br/><br/>Approximate Owner Outgoings:<br/><br/>Council and Water Rates: $1689 per annum<br/>Body Corporate Administration Fee: Paid by tenant<br/>Body Corporate Sinking Fund: $756 per annum