Unit 23 2 Don Bosco Drive, Narre Warren VIC 3805

REFURBISHMENTS TO KITCHEN, BATHROOM CABINETS, CARPET AND PAINT COMPLETED IN 2018.
TENANT PAYS COUNCIL, WATER & OWNERS CORP ADMIN LEVIES.

6% GROSS/ 5.92% NET RETURN

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 one bedroom apartment boasts a fresh and modern vibe.
• New kitchen cabinetry & appliances,
• New stone overlay benchtops
• New vanity, tapware and mirror to bathroom
• New carpet and paint
Features include very large living area, dining room and kitchen overlooking outdoor balcony.
Separate bedroom with built in robes, and bathroom with new stone top vanities, new tapware 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): $380.00 per week- $19,782 pa
RETURN: 6.00% Gross / 5.92% Net
Increases as follows:
July 24 + 4% = $20,573
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: $246 per annum

Please see the Statement of Information attached.

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