NEWCASTLE
38/575 Hunter Street
2
2
1

sold

Guaranteed Rental Income
Offers above $299,000
The Quest Apartment complex is a ten-storey building comprising of 67 apartments, 48 serviced and 19 freehold, with ground floor parking.
Positioned in the heart of Newcastle, this development is well designed and incorporates features to cater specifically for the short to medium term accommodation market. The complex is subject to a 10 year lease with four five year options to the Newcastle Quest Inn Pty Ltd who manage the accommodation.
All rates indicated below are as of June 2013.
Rental Income: $1,719.85 per month (with a 4% increase annually)
Council Rates @ 50%: $463.85
Sinking Fund: $130.65 per month
All water rates, gas, and electricity bills are covered by Quest Apartments.
The apartments are for sale to investors only.
WE'VE CONSISTENTLY BEEN THE GO-TO TEAM FOR ALL LEASING, SALES, MANAGEMENT, AND ADVICE - WITH A SMILE.
We're all about opening possibilities. Moving up, down, across, bigger, better - or as we like to say "Always a good move". We're shaking things up to do things differently, better, more effectively. Because, at the end of the day, it's really all about you. What do you want? What's your next move? How can we make that the best possible experience for you, your property, your lifestyle, your business? That's why we're here. That's what we do, and we have the team and the insights to make that happen.