205/155 Bourke St, Melbourne, Vic 3000

**INVESTORS ONLY**
Leased as a Quest apartment for 10 years until January 2026 with 2 more 5 year options for Quest to continue until 2036 ! This one bedroom apartment is fully self contained with a fully equipped kitchen, bedroom with BIRs and a bathroom with laundry facilities.
Rent $14,951 pa ($287 pw) - paid direct monthly - no agents fees
Lease 1/1/2016 - 31/12/2025 plus 2x5
No vacancies, rents paid 365 days per year.
Built-in rent increases of 3% pa with market rent reviews every 5 years.

**Quest will refurbish this apartment and the common areas at it's own cost with works due to commence this year. This will include new carpets, painting and upgrades to the kitchen and bathroom.

Council rates, water rates and the OC Administration fees are all paid for by Quest resulting in a current net return to the owner of 5.9% which will increase to 6.7% before rent review in January 2021.

Please call us on 1800 697 837 for full details