Lot 115/3 Kingston Road, Heatherton, Vic 3202

Very spacious 2 bedroom, 2 bathroom twin key apartment.
boasting 89m2 including balcony living area. With two fully equipped kitchens, laundry facilities, generous living & dining area, car park on title and balcony along with conference room to the complex.

Built in 2011 and recently refurbished with new carpet and paint, the apartment presents like new.
*** PLEASE NOTE- Images are generic as apartments are all identical in building. Lot 115 is a mirror image ***

Under long term secure lease with Quest:
Lease Details
Current Rent: $581 per week ($30,256 per annum)
Current Return: 7.00% Gross / Net 6.4%
Increases as follows:
March 2019- $605 per week- 7.28% gross
March 2020- $629 per week- 7.57% gross
March 2021- Market Review

Lease Terms: Lease to 28/06/2026 plus 4 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2021)

Quest Moorabbin is located in the heart of Melbourne’s south-east business district only minutes from Monash Medical Centre and Hospital, busy Moorabbin Airport and nearby shopping centres including DFO Moorabbin, Southland and Chadstone.
With some of the world’s best 'sand belt' golf courses on it's doorstep, Quest Moorabbin also offers high quality 4 star accommodation for golfing enthusiasts.


Approximate Owner Outgoings:
Council Rates: $1307 pa
Water Rates: $800.00 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund : $500 p/a