16/518 Princes Highway, Narre Warren VIC 3805

Investor Only - No Owner Occupiers - 7.92% Gross Return - 2 Bedroom, 1 Bathroom, Serviced Apartment
16/504 PRINCES HIGHWAY, NARRE WARREN
Summary:

Type: 2 Bed, 1 Bath Serviced Apartment with Parking
Tenant: Quest Serviced Apartment Hotel
Monthly Rent: $2,045.03

Outgoings:

Owners Corporation Maintenance Fund: $319.63 per quarter (Owner's Contribution)
All other outgoings paid by tenant

Rent Increase: 4% in July 2024
Market Rent Review: Scheduled for 2025
Lease Terms: Further 3 terms of 5 years, next term commencing in 2025

About Quest Serviced Apartment Hotel:

Quest is a leading provider of serviced apartment accommodation, offering spacious and comfortable living spaces for short and long-term stays. With a strong reputation for quality service and hospitality, Quest attracts both leisure and business travellers, ensuring consistent rental income for property owners.

About Narre Warren:

Narre Warren is a vibrant suburb known for its family-friendly environment, excellent amenities, and convenient access to transportation. Residents enjoy proximity to shopping centres, schools, parks, and recreational facilities, making it a highly sought-after location for investors.

Property Features:

This spacious 2-bedroom serviced apartment offers modern living with convenience at your doorstep. With Quest Serviced Apartment Hotel as the tenant, investors can enjoy hassle-free ownership and a reliable rental income stream.

Why Invest:

Established Tenant: Quest Serviced Apartment Hotel ensures stable rental income.
Convenience: Close to amenities, schools, parks, and public transport.
Future Growth: Rent increase and market rent review offer potential for increased returns.
Long-Term Lease: Further lease terms provide security and peace of mind for investors.