LONG TERM LEASE! BRAND NEW KITCHEN AND BATHROOMS

UNDER LONG TERM LEASE - FOR INVESTORS SEEKING HIGH YIELD !!<br/>KITCHEN IMAGES NOT UPDATED YET- PLEASE NOTE THIS IS THE OLD KITCHEN- NEW IMAGES WILL BE PROVIDED SHORTLY. <br/><br/>Having undergone full refurbishments of both the bathroom and ensuite only a few years ago, this spacious two-bedroom apartment just completed a brand-new kitchen upgrade, provides a new fresh chic investment.<br/>Featuring stainless steel appliances, stovetop and tapware and boasting a generous living space of approximately 97sqm, including a covered veranda, it can provide comfortable long and short stay accommodation for corporate and leisure guests. <br/><br/>Timber floating flooring to kitchen has also been updated and with a combined indoor and outdoor entertainers' terrace in such generous proportions, including car park on title, it's a neat investment in a booming regional location.<br/><br/>PLEASE NOTE KITCHEN IMAGES IN ADVERT IS THE OLD KITCHEN. <br/>NEW KITCHENS HAVE JUST BEEN COMPLETED & INSTALLED -WE ARE WAITING ON NEW PHOTOGRAPHY<br/><br/>Lease Details:<br/>Current Rent: $417 per week -$21,542 pa <br/>Current Return: 7.02% Gross - 6.03%- Net<br/>Scheduled Rent Increases As Follows:<br/>Sept 2024 + 4% = $433 pw - 7.15% gross<br/>Sept 2025 + 4% = $451 pw - 7.44% gross<br/>Sept 2026 + 4% = $469 pw - 7.74% gross<br/>Sept 2027 - Market Review. <br/><br/>RENT IS PAID REGARDLESS OF OCCUPANCY, HOTEL PAYS ALL OWNERS CORPORATION STRATA ADMIN COSTS, WITH NO MANAGEMENT OR LETTING FEES. <br/><br/>Lease Terms: Lease to 30/09/ 2027 with 6 x 5 yr options<br/>Rent Reviews and Increases: <br/>4% yearly- with market rent reviews every 5 years (next due September 2027)<br/><br/> Approximate Owner Outgoings:<br/>Council Rates : $1620 per annum (includes Water)<br/>Water Rates: Included in Council<br/>Body Corporate Administration fee: Paid by tenant<br/>Body Corporate Sinking fund: $1423 per annum <br/><br/>