617S/750 Bourke Street, Docklands, Vic 3008

**Investors Only**
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 and in December 2015 underwent refurbishment works worth $18,500 which included LED down lights, a new split system air conditioner in the bedroom, new cook tops, updated bathroom including a new shower and a stone overlay on the kitchen and bathroom bench tops.

The apartment is a Twin Key design with a studio side and a one bedroom side. Both have bathrooms and kitchen facilities and a car park is on title. The one bedroom side also has a balcony that looks over Etihad Stadium.

Lease Details:

Rent as of 7/9/2020: $739 per week ($38,479 per annum)
Next Rent Increase: 8th September 2017
Return as of 7/9/2020: 7.5% Gross / Net 6.74%
Lease Terms: Lease to 07/09/2020 plus 6 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next review due 2020)
*Please note the video tour is of the apartment next door as there was a guest staying in Lot 617S*

Approximate Owner Outgoings:

Council Rates: $1499 p/a approx.
Water Rates: $958 p/a approx.
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1497 p/a approx.