26/1 Ken Tubman Drive Maitland, 2320 NSW
Strong Investment with 7% Annual Yield
Located in The Quest Apartments, this one bedroom apartment is the perfect investment property. The Quest is iconic to Maitland and is one of the most popular hubs for visitors to Maitland and the Hunter Valley.
This particular property offers an attractive return of $21,878 pa (or $1,823 per month). The lease agreement is in place with The Quest until 21th March, 2022 with 3 x 5 year options to renew. The rental income has a CPI increase of 4% per annum and the property is boosted by the fact that you as the owner only pay minimal outgoings. You are responsible for the body corporate fees, water rates and council rates. The tenant (The Quest) pays for the admin fees, electricity and gas. This gives you a potential yield of just over 7.5%.
Filled with light throughout, the large bedroom opens out onto its own private balcony. The kitchen is fully equipped with a electric cooktop, electric oven and ample storage throughout.
- CPI increase on rental income of 4% annually. - Lease expires 21/03/2022. - 3 x 5 year options available to the tenant. - Minimal outgoings payable by the owner. - Consistent rental income.
Outgoings payable by owner: - Strata Levies: Approx. $867 p/a.
Sold $319,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Casey Healey
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Casey Healey