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Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 For Sale
Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564-Floorplan Latest Aerial map Imagery for project Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564

Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564

Bedrooms
1
Bathrooms
1
Parkings
1
Area
96m2
Type
Serviced Apartment

Last updated on Friday, May 17, 2024

$203,480

Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 - More Details

$203,480

**** INVESTORS*** $333 PER WEEK RENT - $17,356 pa
8.50% GROSS RETURN

LOT 3- Featuring a large total floor space of approx 96m2, this lot is being offered for sale as a conference room under long term lease with Quest Apartment hotels.

Rent as of June 2024- $333 per week - $17,356 pa
Return: 8.50% Gross- 6.00% Net

Increases as follows:
July 2026 + 4% = $18,050 - 8.84% gross
July 2027 + 4% = $18,772 - 9.19% gross
Lease Terms: Lease to 07/07/ 2028 with 6 x 5 yr options

Rent Reviews and Increases:
Scheduled 4% increases- with market rent reviews every 5 years (next due July 2028)

Lot includes a fully equipped Kitchen, (which is currently used for staff), and two x store rooms essential to business operations.
• Data/modem points providing internet access

Commercial lot - All areas currently leased by Quest Echuca on a secure long-term lease.
Rent is fixed- not dependant on occupancy.
Quest Pay all owners corporation Admin levies, & building insurance.
Car park on title
This lot comprising of a conference room, fully equipped kitchen and 2 x storerooms provides local businesses, companies and organisations, or travelling corporates needing a space to conduct boardroom style meetings, interviews or to introduce and display products.
The kitchen and storerooms are currently being used staff and storage and imperative to hotel operations.

CONFERENCE ROOMS ARE POPULAR AMONGST INVESTORS WANTING TO SECURE EASY -NO FUSS SPACE WITHOUT HIGH WARE AND TARE OR BATHROOM REFURBISHMENT OBLIGATIONS.

Approximate Owner Outgoings:
Council Rates: $418 per quarter
Water Rates: $150 per quarter
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $701 per quarter

No management or leasing costs, no vacancy periods, rents paid regardless of usage.

Please phone Mandy Fountain for more information 0408 10 30 10
Type
Serviced Apartment
Bedrooms
1
Bathrooms
1
Parkings
1
Area
96m2

Price guide

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Lot 3 /25-29 Heygarth Street Echuca VIC 3564

Property FAQs

What is the current asking price for the Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564?

Serviced Apartment Sales has not listed a sale price for Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564. Contact the agent for a price guide.

How many bedrooms does the property listed Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 feature?

Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 is a 1 bedroom Serviced Apartment.

What are the standout features of the Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564?

Explore all key property features for Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564. Click here to find out more.

What is the total land area and built-up area of the Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564?

The total land area and built-up area of the Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564?

Lot 3 /25-29 Heygarth Street, Echuca, Vic 3564 can accommodated 1 vehicles in the parking area.

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