INVESTORS ONLY- LONG TERM LEASE $530 PW WITH INCREASES

4% increases until 2025.<br/>FRONT FACING TOP LEVEL<br/><br/>Quest Wollongong is centrally located in the heart of the CBD, and an easy stroll to a vibrant blend of restaurant, cafes, cultural attractions, the main shopping precinct, Wollongong's harbour and beautiful beaches.<br/> Home to the University of Wollongong and industrial businesses, the property attracts both business and leisure guests. With the WIN Sports & Entertainment Complex less than a 1km walk and a thriving business economy, this one bedroom apartment with secure basement car park on title will attract investors wanting a blue chip New South Wales location. <br/><br/>Lease Details:<br/>Current Rent: $530 per week -$27,580 pa <br/> Return: 7.01% Gross - 6.20%- Net<br/>Increases as follows: <br/>June 2024 + 4% = $551 per week / 7.29 % gross<br/>June 2025- Market Review.<br/>*** Please note gross and net yields do not include future upgrade works***<br/><br/>Lease Terms: Lease to 14/06/ 2025 with 6 x 5 yr options<br/>Rent Reviews and Increases: <br/>Scheduled 4% increases- with market rent reviews every 5 years (next due June 2025)<br/><br/><br/>Large open plan one bedroom, one bathroom apartment- total floor area 50m2 internal + carpark on title.<br/>Spacious living area with open dining and lounge, fully equipped kitchen and main bathroom with laundry facilities. <br/>There is a secure basement carpark on title.<br/><br/>**** PLEASE NOTE IMAGES ON MARKETING MAY BE OF GENERIC ONE BEDROOM LOT IN THE BUILDING***<br/><br/>Approximate Owner Outgoings:<br/>Council Rates: $1319 per annum<br/>Water Rates: $580 per annum<br/>Body Corporate Administration fee: Paid by tenant<br/>Body Corporate Sinking fund: $1284 per annum <br/><br/>The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. <br/>The information contained has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.<br/>