Guaranteed Rental Income

$330,000

1 bedroom
1 bathroom
1 parking
Sale Date 17th September 2024
Sale Price $330,000
Property Type Unit
Council Rates $338.31 Quarterly
Floor Area (Approx) 52.00m²
Floor area approx 52sqm
Strata Admin Fund $394 Quarterly
Water Rates $172 Quarterly

This spacious and contemporary one-bedroom apartment is fully furnished, making it ideal for the astute investor. Located within Quest Wollongong, Australia's largest and fastest-growing serviced apartment operator, it offers a prime stay on Kembla Street. Whether for a long or short stay, corporate or leisure, this apartment promises a memorable experience and is a sought-after accommodation option, making it a sound investment for years to come.

This is a serviced apartment and is not suitable for permanent residencyQuest ranked 14th among Global Serviced Apartment ProvidersQuest has operated in Wollongong since 2005Long-term lease active until June 2025, with three renewal options of 5 years each, which currently ends in 2040Annual return of $25,152 per annum or $2,096 per monthFixed rental increases at 4% p.a. and 5-yearly market rent reviewsSecure income stream with rent paid regardless of occupancyGood sized bedroom with wardrobe and queen-sized bedLiving room with lounge, A/C, TV, coffee table, artwork, and deskFully equipped kitchen and dining space, internal laundryModern bathroom with full-length bath and showerEscarpment views and abundant natural lightApartment is 52m² plus a secure basement car space on title
Council: $338.31 per quarter | Water: $172 per quarter | Strata: $394 per quarter

*All marketing material and advertising pertaining to this property including but not limited to images, floorplans, video, virtual tours, brochures, digital styling and furniture, drone and lifestyle images etc are for marketing and illustration purposes only and some may represent location, view or lifestyle photography. Whilst Laurence Morgan has made every effort to ensure the information supplied is truthful and correct, it may have been provided or sourced by third party individuals and suppliers and we cannot guarantee the accuracy of the information. Any displayed or advertised outgoings, estimates, land sizes, measurements, completion dates and distances are approximate only and may be subject to change without notice and Laurence Morgan gives no warranty to the accuracy of the information and takes no responsibility for any loss incurred from acting on the information provided. We strongly recommend all interested parties conduct their own due-diligence and research to ensure they are satisfied and fully informed in all respects prior to making an offer or proceeding to purchase the property. Read More


Schools & Public Transport

Keira High School
Co-Ed High School
7-12
Wollongong Primary School
Primary School
K-6
Based on our available information, this property falls within the listed government school intake zones. Source: School intake zones for NSW government schools
Elonera Montessori School
Combined
K-12
The Illawarra Grammar School
Combined
K-12
St Brigid's Catholic Primary School
Primary
K-6
St Therese Catholic Primary School
Primary
K-6
St Mary Star of the Sea College
Secondary
7-12
Novo Education Space
Special
Special
Only non-government schools within a 3km radius of this property are listed. Source: Acara Australian Schools List
Bus Services
Wollongong to Canberra
Murrays Coaches
855
Wollongong to Warrawong via Unanderra (Loop Service)
Premier Illawarra
34
Wollongong to Bulli
Dions Bus Service
92
Wollongong to Shellharbour via Dapto (Loop Service)
Premier Illawarra
37
Unanderra to Wollongong via Farmborough Heights
Premier Illawarra
35
University of Wollongong to Wollongong via Gwynneville (Loop Service)
Premier Illawarra
55A
Wollongong to Oak Flats via Stockland Shellharbour
Premier Illawarra
51
Wollongong to Kembla Heights via Cordeaux Heights (Loop Service)
Premier Illawarra
36
Wollongong to Shellharbour via Warrawong (Loop Service)
Premier Illawarra
57
Wollongong to Shellharbour via Warrawong and Shell Cove
Premier Illawarra
53
Wollongong to Figtree via Mt Keira (Loop Service)
Premier Illawarra
39
North Wollongong to Port Kembla (Loop Service)
Premier Illawarra
65
University of Wollongong to Wollongong via Fairy Meadow (Loop Service)
Premier Illawarra
55C
Campbelltown to Wollongong via Appin
Transport for NSW
887
Wollongong to Stanwell Park via Thirroul
Premier Charters
2
Wollongong to West Wollongong (Loop Service)
Premier Illawarra
10
Wollongong to Bellambi via Towradgi (Loop Service)
Premier Illawarra
3
Wollongong to Wollongong University (Loop Service)
Premier Illawarra
11
Wollongong to Mount Pleasant (Loop Service)
Premier Illawarra
6
Wollongong to Figtree via Mangerton (Loop Service)
Premier Illawarra
24
Wollongong to Bellambi (Loop Service)
Premier Illawarra
7
Wollongong to Horsley via Unanderra (Loop Service)
Premier Illawarra
31
Wollongong to Bellambi via Balgownie (Loop Service)
Premier Illawarra
8
Wollongong to Dapto via Unanderra (Loop Service)
Premier Illawarra
33
Wollongong to Austinmer Station
Dions Bus Service
90
Coach Services
Bundanoon to Wollongong
NSW Trainlink Train
749
Moss Vale to Wollongong
NSW Trainlink Train
751
Wollongong to Moss Vale
NSW Trainlink Train
752
Moss Vale to Wollongong
NSW Trainlink Train
753
Wollongong to Moss Vale
NSW Trainlink Train
754
Moss Vale to Wollongong
NSW Trainlink Train
755
Wollongong to Bundanoon
NSW Trainlink Train
756
Selected routes with a boarding point within approximately 1km of this property are listed. Source: TfNSW Timetables

Agents

John O'Reilly
John O'Reilly Director | Licensed Agent

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This property was sold by

Director | Licensed Agent
John O'Reilly

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All marketing material and advertising pertaining to this property including but not limited to images, floorplans, video, virtual tours, brochures, digital styling and furniture, drone and lifestyle images etc are for marketing and illustration purposes only and some may represent location, view or lifestyle photography. Whilst Laurence Morgan has made every effort to ensure the information supplied is truthful and correct, it may have been provided or sourced by third party individuals and suppliers and we cannot guarantee the accuracy of the information. If STCA or S.T.C.A is stated in advertising it is referring to “Subject to council approval” and we recommend seeking independent planning advice. Any displayed or advertised outgoings, estimates, land sizes, measurements, completion dates and distances are approximate only and may be subject to change without notice and Laurence Morgan gives no warranty to the accuracy of the information and takes no responsibility for any loss incurred from acting on the information provided. We strongly recommend all interested parties conduct their own due-diligence and research to ensure they are satisfied and fully informed in all respects prior to making an offer or proceeding to purchase the property.
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