Unit 20 Princes Hwy & Verdun Drive,, Narre Warren VIC 3805

Completed Refurbishments to Kitchen & Appliances, Bathroom cabinetry, Carpet and Paint in 2018.

Quest Narre Warren is located within the region’s business & commercial hub, with both Westfield Fountain Gate and the charming Main Street of Berwick village only a short distance. With Casey, Epworth and St John of God Berwick hospital's all within close proximity, together with Berwick Monash University campus and Chisholm Institute of TAFE, the location attracts long term corporate clients.
With Melbourne CBD only 40 minutes on the M1, refurbishments completed in 2019 and the tenant paying Council, Water and Owners Corporation admin levies- It provides a high net yield investment!!
Tenant pays all outgoings except sinking fund.

Having completed a refurbishment in late 2018, this two bedroom apartment boasts full ensuite to master, large lounge & meals area, and a fresh and modern vibe.
• New kitchen cabinetry & appliances,
• New stone overlay benchtops
• New vanities to bathrooms, tapware and mirror.
• New carpet and paint
Open plan layout, with spacious outdoor balcony overlooking established gardens.
Bedrooms have built in robes, new stone top vanities and benchtops throughout and laundry facilities.

The complex includes an inground swimming pool, fully covered outdoor communal entertainment/ BBQ area, and car park on title.

4% increases to 2025. - Tenant pays all outgoings except sinking fund.

RENT (as of July 23): $429.00 per week- $22,356 pa
RETURN: 6.60% Gross / 6.46% Net
Increases as follows:
July 24 + 4% = $23,250
Leased to: July 2025 plus 4 x 5 Year options
Rent Increases: 4% pa, market review each 5th year


**Net returns do not include government taxes**

Approximate Owner Outgoings:

Council Rates: PAID BY QUEST TENANT
Water Rates: PAID BY QUEST TENANT
Body Corporate Administration Fee: PAID BY QUEST TENANT
Body Corporate Sinking Fund: $500 per annum


In accordance with Section 47AF of the Estate Agents Act 1980 please view the Statement of Information:

Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.