510/10 Bellerine Street

Geelong VIC 3220

Apartment

Currently for sale - view listing

Overview

SET. FORGET. PAID.

High-Yield Dual Apartment | Secure Long-Term Income | Prime Geelong CBD This is the type of asset seasoned investors wait for - not because it's flashy, but because it works. Located in the tightly held Oaks R Suites, Apartment 510 delivers real income, proven performance and genuine resilience, all wrapped up in a single-title, dual-income configuration under a long-term hotel management lease. > Professional management > Strong historical returns > Hands-off ownership > Blue-chip CBD location THE ASSET - TWO INCOMES. ONE TITLE. Apartment 510 has been intelligently configured to maximize yield and flexibility: 510A - One-Bedroom Apartment • Open-plan kitchen, meals & living • Private balcony with bay glimpses • Separate bedroom & bathroom 510B - Self-Contained Studio • Motel-style open bedroom/living • Separate bathroom • Bar fridge, tea & coffee facilities • Private balcony with similar outlook Both apartments are fully furnished, accessed securely via a shared hallway with European laundry, and can be leased independently or together, allowing Oaks to optimise occupancy and income. THE NUMBERS - WHAT INVESTORS CARE ABOUT This property doesn't rely on brochures or projections - it has real history and solid forecasting. Approx. $107,116 NET (Combined net return from 1 July 2023 - 30 June 2025) > Forecast Net Income (FY 2025-26): ~$62,673 p.a. > Strong inferred yield based on current pricing > Income backed by professional hotel operator (Oaks Hotel Group) This is true passive income - no tenant management, no vacancy stress, no weekend maintenance calls. WHY THIS WORKS • Dual apartments = greater income stability • Single title = clean ownership structure • Long-term management agreement = consistent cash flow • Fully furnished = no setup costs • Ideal for SMSFs and income-focused portfolios Apartments of this type in Oaks R Suites are rarely offered - because when investors secure them, they tend to hold. LOCATION THAT UNDERPINS THE RETURN Heart of Geelong CBD • Walk to Eastern Beach & Waterfront • Deakin University Waterfront Campus nearby • Close to Geelong Hospital & Health Precinct • Easy access to Geelong Station & Melbourne Road With Geelong's continued expansion across health, education, infrastructure and tourism, demand for quality short-stay accommodation remains exceptionally strong. THE BOTTOM LINE If you're looking for speculation, this isn't it. If you're looking for: • Income first • Risk managed • Hands-off • Backed by real performance Then Apartment 510 at Oaks R Suites deserves your attention. Contact Anthony Stevens on 0459 924 164 or Julie Ryan on 0438 060 382 for more information and to arrange a private inspection.

Features

2 bedrooms

2 bathrooms

1 carspace

Apartment

Happy sellers in Geelong

65%

65% of sellers in Geelong reported that their sale price either exceeded or met their price expectations.

Geelong stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 9 reviews in Geelong over the last 12 months.

Local market activity for 2 bedroom apartments in Geelong

In the last 12 months, 47 two-bedroom apartments similar to 510/10 Bellerine Street, have been sold.

This represents a 60% decrease in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

View the listing for inspection times, agent contact details, and more.

at Anthony Stevens