ENTRY LEVEL - INVESTMENT APARTMENT!!!

***** INVESTORS ONLY*** UNDER LONG TERM LEASE WITH QUEST APARTMENT/ HOTEL<br/><br/>Quest West End is located in the heart of Perth's CBD, just a short walk to RAC Arena, Perth Convention and Exhibition Centre, His Majesty's Theatre, and Kings Square Precinct.<br/>Just beyond, you will find the exciting entertainment precinct of Northbridge and the wonder of Kings Park and Botanic Gardens<br/><br/>This one bedroom apartment, located on level 1, has an internal floor area of 50m2 and features fully equipped kitchen and main bathroom.<br/><br/>Refurbishment includes:-<br/>• New carpet and paint throughout<br/>• Full bathroom refurbishment including tiling, vanity, tapware, shower screen and mirror<br/>• Full kitchen replacement including cabinetry, benchtops, tiling<br/>• State of the art Fisher & Paykel appliances, including dishwasher, oven, cook top, rangehood<br/>• RENTS WILL BE PAID IN FULL WHILE REFURBISHMENT WORKS ARE CARRIED OUT.<br/>4% RENTAL INCREASES TO 2026.<br/><br/>Current Rent: $230 pw - $11,964 pa.<br/>Rent Return: 8.86% Gross / 6.56% Net<br/>Increases as follows: <br/>July 2024 + 4% $12,442= 9.21% gross<br/>July 2025 + 4% $12,940= 9.58% gross<br/>July 2026 Market Review.<br/><br/>Lease to: July 2026 - with 6 x 5 yr options. <br/> <br/>** PLEASE NOTE: <br/>Refurbishment is due, the cost will be $34,842 and includes:<br/>• New carpet and paint throughout<br/>• Full bathroom refurbishment including tiling, vanity, tapware, shower screen and mirror<br/>• Full kitchen replacement including cabinetry, bench tops, tiling<br/>• State of the art Fisher & Paykel appliances, including dishwasher, oven, cook top, rangehood.<br/><br/> $ 135,008 APARTMENT PURCHASE PRICE (Stamp Duty Payable)<br/>+ $ 34,842 REFURBISHMENT COST DUE AT SETTLEMENT<br/> = $ 169,850 TOTAL PURCHASE COST <br/><br/>REFURBISHMENT WILL COMMENCE AT SETTLEMENT.<br/>IMAGES BELOW ARE OF A NON-REFURBISHED LOT. <br/>PLEASE SEE PHOTO GALLERY LINK FOR A RECENTLY COMPLETED & REFURBISHED APARTMENT. <br/><br/>On settlement this apartment will undergo a major refurbishment and once completed will provide investors a modern, chic, apartment in the heart of Perth CBD. <br/><br/>**Net returns do not include government taxes refurbishment costs**<br/><br/><br/>Approximate Owner Outgoings:<br/><br/>Council Rates: $1,268.00<br/>Water Rates: $1450.00<br/>Body Corporate Admin Fee: PAID BY QUEST TENANT <br/>Body Corporate Sinking Fund: $380.00 per annum<br/><br/>PLEASE NOTE: IMAGES ARE OF MIRROR IMAGE APARTMENT<br/><br/>