1/2 Don Bosco Drive

Narre Warren VIC 3805

Rent increases as follow:
July 2024 - 4% increase = $471 per week, $24,530 per annum

Leased to July 2025 plus 4x5 year options
Annual rent increase: 4% pa, market rent review every 5 years, next due in July 2025.

Approximate Owner Outgoings:
Council Rates: PAID BY QUEST TENANT
Water Rates: PAID BY QUEST TENANT
Body Corporate Administration Fee: PAID BY QUEST TENANT
Body Corporate Sinking Fund: $1117 per annum

Quest Narre Warren is located within the regions business & commercial hub, with both Westfield Fountain Gate and the charming Main Street of Berwick village only a short distance. With Casey, Epworth and St John of God Berwick hospital's all within close proximity, together with Berwick Monash University campus and Chisholm Institute of TAFE, the location attracts long term corporate clients.
With Melbourne CBD only 40 minutes on the M1, refurbishments completed in 2019 and the tenant paying Council and water rates, plus Owners Corporation admin levies- It provides a high net yield investment!!
Tenant pays all outgoings except sinking fund.

The complex includes an inground swimming pool, fully covered outdoor communal entertainment/ BBQ area, and car park on title.

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The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.