A rare opportunity to acquire a two bedroom one bathroom apartment within the highly regarded Forbes Residences, one of Applecross's most sought-after addresses. Perfect for investors, this offering delivers secure, low-maintenance income with exceptional long-term growth potential.
Situated on the third floor corner with views in two directions this light filled apartment is extremely well equipped and has a luxurious feel about it.
Income is fixed under the initial lease agreement and increases annually in line with CPI, providing reliable returns regardless of occupancy levels. Importantly, all cleaning, maintenance of furnishings, and ongoing furniture, fittings and equipment (FF&E) refurbishment costs are fully covered by the lessee, creating a genuinely hands-off investment.
Even better, there are no management fees deducted from the lease income, ensuring investors receive the full benefit of the agreed returns.
The apartment is sold fully furnished, with the complete inventory of furniture, appliances and equipment included in the purchase price.
Positioned within a premium development in blue-chip Applecross, and supported by established corporate and executive accommodation demand, these apartments also offer compelling long-term capital growth prospects.
Investment Highlights
Guaranteed rental income with annual CPI increases
Long-term lease available through to 2030, plus extension options
No exposure to vacancy risk during the lease term
Cleaning and FF&E replacement costs covered by the lessee
No management fees payable on lease income
Premium short-stay accommodation in a tightly held Applecross location
Fully furnished with complete inventory included
Strong long-term capital growth fundamentals
Flexible ownership options at lease expiry
One secure carbay and 4 sqm storeroom
Opportunities offering secure, indexed income, minimal owner involvement and long-term investment certainty are seldom available in locations of this calibre.
For further information, a copy of the management lease, or to arrange a private inspection, contact Gary Dundon on 0478 950 811.
Rates & Local Information:
Water Rates: $1,463.16 (2024/25)
City of Melville Council Rates: $1,718.34 (2025/26)
Zoning: R-AC0
Primary School Catchment: Applecross Primary School
Secondary School Catchments: Applecross Senior High School
DISCLAIMER: Any floor or building area figures stated in this advertisement represent a calculation of the total lot area, which may include balconies, car bays, storage areas, and other spaces in addition to internal living space. Prospective buyers are advised to refer to the strata plan to verify the specific areas comprising the total figures provided. Furthermore, all information contained in this advertisement is provided for general information purposes only and is based on information supplied by third parties, including the Seller and relevant local authorities, and may be subject to change. No warranty or representation is made as to its accuracy, and interested parties should place no reliance on it and are encouraged to undertake their own independent enquiries.
