This modern three-bedroom Torrens titled Townhouse (Quest Townhouse 12A) has a fixed lease with extensions could be your ideal long-term investment

NOTE: Sale of this property or loan default will NOT break the lease.
Street Address is 10 Heaslip Close. Quest address 12A appears on the door.

If you are tired of chasing rents and property managers and would like to sit back and let your rents come in each month without the headaches. Quest on Sturt (the tenant) have their own handyman to fix minor things and cleaners to keep your property in pristine condition. Quest pay the building insurance, water usage and then pay rent direct to you bank account each month, so no need for a real estate property manager.

The Townhouse features:

Floating timber floors in the lounge, dine, kitchen and hallway.
Gourmet kitchen with SMEG appliances.
Main bedroom has built in robe, ensuite and balcony
Main bathroom and ensuite
Rear courtyard and front balcony.
Ducted reverse cycle air-conditioning
Lock up garage with a remote controlled door

IMPORTANT NOTES:
Street Address is 10 Heaslip Close. Quest address 12A appears on the door.
Current lease runs until the 31st July 2017 plus Quest have 2 rights of renewal of 5 years.
Net Rent paid monthly,
Zoning: Capital City Zone
Street Management Levy: $90.00 per quarter.
Rent increases 4% annually on 1st August and market reviews in 2017 and 2022.
For sale by Expressions of Interest closing Wednesday 12th December 2012 at 4:30pm (CST) Highest expression of interest accepted.

Worst case scenario: Quest move out and the property value increases as demand for owner occupiers in the group brings a premium as it located just a short walk from the legal district, China Town, the Central Market and the tram line.

RLA 217 949