An exceptional investment opportunity in the heart of Melbourne CBD, this oversized one-bedroom apartment is securely leased to Quest Hotel, delivering a strong approx. 7% net return with minimal outgoings and zero management hassle.
Key Investment Features:
• Secure 5-year lease to Quest (from Jan 2023)
• Current rent approx. $25,833 p.a. with fixed 3% annual increases
• Tenant pays outgoings – low holding costs
• Approx. 7% net yield, with built-in rental growth
• Option for 3 further 5-year terms
• Established national tenant – reliable income stream
Property Highlights:
• Generous 71sqm (approx.) internal space
• Light-filled open-plan living and dining
• Floor-to-ceiling windows
• Modern kitchen with stainless steel appliances
• Spacious bedroom with built-in robes
• Bathroom with bathtub
• European laundry, cooling, heating
• Secure intercom access
Prime CBD Location:
Positioned in Melbourne’s legal and financial precinct, within walking distance to Flagstaff Gardens, Queen Victoria Market, Docklands, Marvel Stadium, and major transport links.
Set-and-forget investment with strong returns and long-term security.
