Put Simply, Investment Opportunity in the Quest

Welcome to The Quest Apartments in Newcastle West – an iconic hub for business executives visiting the city.

This property offers an impressive annual return of $33,754.56 (or $2,812.88 per month) with a lease agreement in place until December 2027, including 3 x 5-year renewal options. As the owner, you only pay a portion of the outgoings, responsible for capital works fees and council rates, while the tenant covers admin fees, water rates, electricity, and gas.

Located on the 7th floor, the spacious apartment features a central lounge room with split system air conditioning and large windows. Building amenities include an indoor pool, spa, and gym on the ground floor.

The north-facing apartment is filled with natural light throughout. All 3 bedrooms are generously sized with floor-to-ceiling wardrobes, while the large main bedroom boasts a private ensuite and stunning city skyline views. The fully equipped kitchen features an electric cooktop, oven, and ample storage. Additionally, the apartment includes a proper laundry room, a rare find in modern apartments.

Don’t miss this opportunity to invest in one of Newcastle’s most sought-after locations.

Property Information:
– This property offers an attractive return of $33, 754.56 p/a (or $2,812.88 per month).
– 3% annual increases.
– Current lease in place from December 2022 – December 2027.
– 3 x 5-year options to renew.
– Council Rates: $1,508 p/a (Paid by the Owner).
– Water Rates: Approx. $650 p/a (Paid by The Quest).
– Admin fund of $1,283.33 p/q paid by The Quest.
– Capital Works of $748.18 p/q paid the Owner.

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.