24 / 69 Gurwood Street
wagga wagga
NSW, 2650

This spacious two bedroom two bathroom with twin keys (main bedroom and studio) serviced apartment is located on level one with balcony and a car space on title.

The features include an open plan kitchen/living area, modern kitchen, one main bedroom and a studio with separate kitchenette and ensuite. This is a fantastic complex with great facilities for guests to enjoy such as the swimming pool and BBQ area.

Quest Wagga, is a complex built in 2007 which comprises 30 units which are brick & tile construction. With a communal swimming pool and on site parking for guests. The units are fully furnished and leased to Quest Wagga Tenancy Pty Ltd. With a great return and guaranteed income, this is a rock solid investment opportunity!

The current owner has done all major renovations, with 2 new kitchens in 2024 and 2 new bathrooms in 2021. Only minutes to the main street of Wagga Wagga.

Rental return:
Monthly rental return: $3,414.25
Gross rent per annum is : $40,971.05 Increased by 3% on December 22 every year.
Leased until 21 December 2025 with 4 x 5 year options after.

Outgoings:
Council rates per annum : $1,888 paid by owner
Water Rates per annum : $277.65 paid by owner
Capital fund per annum : $874.56 paid by owner

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