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Large One bedroom studio, total floor area 52.3m2.
Uninterrupted full bay views from your entire apartment, with spacious living area, balcony and stylish kitchenette & bathroom.
The apartment is finished with high quality fixtures, split system heating/ cooling and kitchenette featuring stainless steel appliances.
Lease Details- Lot 305- Bay Views
Rent : $417 per week ($21,723 per annum)
Return: 7.12 % net- 5.90% Net
Terms: Lease to 14/04/2023 plus 3 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next not due until 2023)
Rent cannot increase or decrease by more than 6% at market review.
Rent Increases as follows: 15th
April 2020- $434 p/w 7.40% return
April 2021- $451 p/w 7.70% return
April 2022- $469 p/w 8.01% return
The property also boasts a large communal entertainers terrace- with foreshore/ ocean views, Bayside Shopping Centre at the rear, cafes & restaurants and pristine beaches at your doorstep.
Carpet and Paint refurbishment will be due within the next 6- 18 months
Approximate Owner Outgoings
Council Rates: $1400 pa approx
Water Rates: $620 pa approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1700 pa approx
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