A rare offering - Pure blue chip investment - Melbourne Building City

Spacious 2 bedroom 2 bathroom 1 carpark apartment - part of the Quest Apartments Hotel. 



Inspections by appointment and subject to access availability.

Corner position with covered arched full length balcony. 

Allocated carpark in Odgers Lane at rear of the apartments.

Apartment area - Living - 64m2 +  Balcony- 49m2.

Leased to Canberrra Quest Inn Pty Ltd for 4 years plus 5 year option.

Showing a 4.36% net return as per investment brief below.

Excellent opportunity to purchase an easy investment with a solid return.



                                   Investment Brief 

7/28 West Row City - set in the historic Melbourne Building on 1st floor in the heart of Canberra City. Amazing wrap around high ceiling and arched balcony. 

Currently leased to Canberra Quest Inn Pty Ltd. 

Gross annual rent paid to owner                                    $32,424.00

Lease to Canberra Quest Inn 

4 years expire 2024 + 5 year option

Rent review 3.0% on lease expiry 2024

Expenses pa approx.

Body Corporate                    $2,936.24

Rates (2020 - 2021)              $5,886.14

Water & Sewerage               $    667.34

City Improvement Levy      $    249.49                            $ 9,739.21

            Approx  Net Income pa                                      $22,684.79

Showing 4.36% net return - subject to above calculations.



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