406S/750 Bourke Street, Docklands, Vic 3008

*INVESTORS ONLY, HIGH RENT, LONG LEASE, GREAT LOCATION

In the heart of the Docklands business district and within walking distance to Southern Cross Station, Crown Casino, Restaurants, Cafes, Marina's and Etihad Stadium literally at the back door there is little wonder why this is one of Quest Apartments flagship buildings.

Built in 2005, this apartment is approximately 76m2 internal with a huge entertainers balcony. Having been re-carpeted and re-painted in 2012 this truly is a fantastic investment opportunity.

Current Rent: $692 per week ($36,011p/a)
Current Return: 7.03%
Lease Terms: Lease to September 2015 with 3 x 5 Year Options (Next option will be exercised)
Rent Increases: 4% per annum (rent reviews at 5th year)

Owners Outgoings:

Council Rates: $1428 per annum (approx)
Water Rates: $1009 per annum (approx)
Sinking Fund: $947 per annum (approx)
Body Corporate Admin Fee: Paid By Tenant