36/137 Mountain Hwy, Wantirna is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 12500m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in June 2015.
High return Investment only property leased by Quest Serviced Apartments at $15,084.12 per annum. Lease commenced with Quest on the 1st May 2011 for 5 years with a further 4 x 5 year options + 4% annual increases and almost due for another increase. Quest, the tenant, pays all outgoings except for $1358.40 per annum , 'sinking fund' payable by the owner.
This offers a Gross return of 8.4% or 7.65% approx Nett return. You can not live in this unit as Quest has a long lease in place.
Conveniently located close to transport, shopping centre, easy access to EastLink, close to schools plus much more. For further information please call John Katselas on 0411 110 997.
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