510/10 Bellerine Street, Geelong, VIC, 3220

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Geelong

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510/10 Bellerine Street, Geelong, VIC, 3220

Apartment

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30+ days on the market

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What's around 510/10 Bellerine Street

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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.