The Phone Code for this property is: 51109. Please quote this number when phoning or texting.
Studio / Secure Parking / Storage Cage
Positioned in the heart of Cremorne, this smart studio apartment offers a rare opportunity to secure a high-performing, low-maintenance investment in a tightly held location. Situated within the well-regarded Park Regis complex, this property has been consistently leased through the hotel pool for over 10 years, delivering reliable income and peace of mind.
Currently leased with Park Regis Apartments until May 2026, this is the ultimate "set and forget" investment.
With a gross yield of 5.2%, it's ideal for investors seeking strong returns without the hassle of day-to-day management or agent fees.
Alternatively, the property offers flexibility to transition to residential leasing or use it as a corporate let or city bolt-hole - perfect for professionals needing a convenient base close to the CBD. The building is c70% Serviced apartments (Park Regis) and 30% residential and gives you the flexibility to do both which is unusual.
Property Highlights:
Secure car space (right next to lifts) and storage cage included
Currently fully managed in the Park Regis Hotel pool - consistent returns with minimal involvement
Gross yield of 5.2% - strong performance in a blue-chip suburb
Existing lease in place until May 2026. Can be terminated on sale if required or Park Regis have expressed an interest to sign an additional 3 years term
Option therefore to switch to residential or short-term leasing post-contract or have vacant possession on sale.
Central Cremorne location - right at the B-Line bus stop for rapid CBD access
Surrounded by cafes, restaurants, shops, and the Orpheum Cinema
Lift access, on-site management, and well-maintained complex
Whether you're looking to expand your portfolio or secure a reliable income stream in a premium location, this property ticks all the boxes.
Strata: $1373 / qtr
Rates: $326 / qtr
Water: $172 / qtr
Contact us for further details
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
