819S/750 Bourke Street, Docklands, Vic 3008

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 $11,000 which included LED down lights, a new split system air conditioner in the bedroom, new cook top, updated bathroom including a new shower and a stone overlay on the kitchen and bathroom bench tops.

The apartment consists of a fully equipped kitchen with electric hotplate, oven and dishwasher, bedroom with built-in robes, study nook, laundry facilities and a balcony with views of Etihad Stadium and the Docklands concourse.

Lease Details:
Current Rent: $525 per week ($27,340 per annum)
Next Rent Increase: 8/09/2017
Current Return: 6.6% Gross / Net 5.93%
AUG 2017- 6.86%
AUG 2018- 7.13%
AUG 2019- 7.42%
Lease Terms: Lease to 7/09/2020 plus 5 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2020)

Approximate Owner Outgoings:
Council Rates: $1074 per annum
Water Rates: $975 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $998 per annum