If you want to buy an investment property but are concerned about getting a guaranteed tenant or return on your investment, this is the property for you.
Located in the heart of Adelaide CBD, this fully furnished self-contained studio style apartment is just minutes from Rundle Mall, one of Adelaide’s most popular shopping and entertainment precinct. It is also close to notable hotels, the Adelaide Casino, Universities, and other tourist attractions, which makes it highly sought after.
The investor who purchases this apartment will enjoy the following:-
- Long term lease commencing 31 October 2008 with four (4) further terms each of five (5) years duration
- Proven tenant and certainty of income
- Property fully managed by Quest group at no added cost
- Potential of 4% increase of revenue per annum
- Opportunity to earn 6% of return on capital per annum
Other information of the apartment are as below:-
Current Monthly Rent: $1,408.44
Current Yearly Rental: $16,901.37 pa
Approximate Outgoings (including GST):
Community Corporation Contributions: $1,171.05 per quarter ($390.35 per month)
Instalment for Sinking Fund: $513.38 per quarter ($171.12 per month)
Call or e-mail to enquire. This property sale won’t last long!