Located within the highly regarded Punthill Knox Hotel, this rare dual-key serviced apartment offers an exceptional investment opportunity with the benefit of a secure lease to a well-established and professionally managed hotel group.
The dual-key setup allows the apartment to operate as two fully self-contained rooms for guests, with the rental return reflecting this flexibility, enhancing its investment appeal.
Both rooms offer modern finishes, light-filled interiors, and private access. The one-bedroom apartment includes a full kitchen, spacious living area, bedroom with built-in robes, and a sleek bathroom, while the adjoining studio offers a kitchenette and separate bathroom.
Adding further appeal, the property is scheduled for refurbishment in the new year, which will include new carpet, fresh paint, and new blinds and sheers throughout, ensuring the apartment continues to reflect Punthill's high presentation standards.
Conveniently positioned close to Westfield Knox, Swinburne University (Wantirna campus), public transport, and local parks, the property combines lifestyle appeal with long-term investment security.
Key Features:
- Situated within the renowned Punthill Knox Hotel
- Dual-key configuration: one-bedroom apartment + self-contained studio
- Scheduled refurbishment in the new year – new carpet, fresh paint, and new blinds and sheers throughout
- Secure car park
- Bright, open-plan layouts with private outdoor area
- Leased to Punthill Hotels, a highly reputable serviced apartment operator
- Lease agreement term: 5 years with two further options of 5 years
- Fixed rental income of $31,099 per annum, with annual CPI increases
-Owners Corporation Administration Fees are paid by Punthill under the Lease agreement,
Costs to the Investor are as follows;
Water rates: $225 approx. per quarter
Council rates: $375 approx. per quarter
Owners Corporation Maintenance fees: $278.90 approx. per quarter
An exceptional opportunity to secure a high-performing, low-maintenance serviced apartment investment backed by a leading brand in a prime location, with flexible dual-key operation, strong guaranteed returns, and all operating costs covered by the tenant.
*Note: Photos, video, and the floor plan depict only one room, as the photographer was unable to access both rooms on the day of photography.
