Lot 201/48 Victoria Parade, Rockhampton QLD 4700

FRONT FACING FULL RIVER VIEW APARTMENT!

Quest Rockhampton, is approx 8 years old and situated on the banks of the Fitzroy River along Victoria Parade in the Rockhampton CBD, within walking distance to art galleries and Pilbeam Theatre, dining, shopping, entertainment and sporting precincts such as the Rockhampton Showgrounds.
Rockhampton’s central location along major north, south & west freight infrastructure routes, together with major mining and large customer and labour work force all drive growth to the Region. The property is situated only 3.8km from Rockhampton Airport, making it ideal for fly in fly out workers.
Quest Rockhampton contined to pay full rents to landlords throughout COVID 19 and boasted sustained and strong occupancy and revenue.

2 bedroom, 2 bathroom apartment, with 2 outdoor balconies and exclusive use basement carpark

Front facing, with uninterrupted river views, this large 2 bedroom apartment boasts a total floor area of 93.23m2
With two bathrooms including full ensuite to master, open plan kitchen meals and spacious living room all taking in beautiful views directly out to Fitzroy river and two balconies both from the living an main bedrooms.

PLEASE NOTE: DUE TO LONG TERM GUEST OCCUPATION SOME IMAGES BELOW ARE OF GENERIC LOT 901 ( 7 LEVELS HIGHER)

Lease Details:
Current Rent: $644 per week / $33,533 per annum
Return: 7.30% Gross- 6.21% Net

Rent Increases as follows:
Market Review: Next review September 2023 (every 5th year)
Sept 2024 + 4%
Sept 2025 + 4%
Sept 2026 + 4%
Sept 2027 + 4%
Lease Terms: Lease to September 2023 plus 4 x 5 year options
Rent Increases: 4% annually (except market review year)

Approximate Owner Outgoings:
Council Rates: $2790 per annum. (approx)
Water Rates: Included in council rates
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $2200 per annum.



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