7/28 West Row, City ACT 2601

Spacious 2 bedroom 2 bathroom 1 carpark apartment - part of the Quest Apartments Hotel. 

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Inspections by appointment and subject to access availability.

Corner position with covered arched full length balcony.&nbsp;

Allocated carpark in Odgers Lane at rear of the apartments.

Apartment area - Living - 64m2 +&nbsp; Balcony- 49m2.

Leased to Canberrra Quest Inn Pty Ltd for 4 years plus 5 year option.

Showing a 4.36% net return as per investment brief below.

Excellent opportunity to purchase an easy investment with a solid return.

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&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Investment Brief&nbsp;

7/28 West Row City - set in the historic Melbourne Building on 1st floor in the heart of Canberra City. Amazing wrap around high ceiling and arched balcony.&nbsp;

Currently leased to Canberra Quest Inn Pty Ltd.&nbsp;

Gross annual rent paid to owner&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $32,424.00

Lease to Canberra Quest Inn&nbsp;

4 years expire 2024 + 5 year option

Rent review 3.0% on lease expiry 2024

Expenses pa approx.

Body Corporate&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $2,936.24

Rates (2020 - 2021)&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $5,886.14

Water & Sewerage&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$&nbsp; &nbsp; 667.34

City Improvement Levy&nbsp; &nbsp; &nbsp; $&nbsp; &nbsp; 249.49&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $ 9,739.21

&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Approx&nbsp; Net Income pa&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $22,684.79

Showing 4.36% net return - subject to above calculations.

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