This spacious two bedroom, two bathroom, with twin keys (main bedroom and studio), serviced apartment is located on level one with balcony and a car space on title.
The features include an open plan kitchen/living area, modern kitchen, one main bedroom and a studio with separate kitchenette and ensuite. This is a fantastic complex with great facilities for guests to enjoy such as the swimming pool and BBQ area.
Quest Wagga is a complex built in 2007 which comprises 30 units which are brick and tile construction and a communal swimming pool and on site parking for guests. The units are fully furnished and leased to Quest Wagga Tenancy Pty Ltd with a great return and guaranteed income, this is a rock solid investment opportunity!
The current owner has done all major renovations, with two new kitchens in 2024 and two new bathrooms in 2021. Only minutes to the main street of Wagga Wagga.
Rental return:
Monthly rental return: $3,414.25
Gross rent per annum is : $40,971.05 Increased by 3% on December 22 every year.
Leased until 21 December 2025 with 4 x 5 year options after.
Outgoings:
Council rates per annum : $1,888 paid by owner
Water Rates per annum : $277.65 paid by owner
Capital fund per annum : $874.56 paid by owner
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