SoldMay 27, 2022

8/16 The Esplanade, Geelong, VIC, 3220

$510,000

2
1
1

Apartment

•

30+ days on the market

Sold: May 27, 2022

What's around 8/16 The Esplanade

SOLID INVESTMENT OPPORTUNITY BY THE BAY

Looking for a set and forget investment where the return is guaranteed and you have no further worries? This apartment is leased and managed by Quest, who take care of the lease, maintain, and rent the apartments within the complex with a long list of corporate tenants as regular guests. This two-bedroom, newly renovated apartment offers a modern kitchen and appliances, large living and dining space, split system heating & cooling in both the living area and master bedroom, central bathroom with laundry facilities, and outside balcony to entertain. Car parking space is available in this very secure complex. The yearly rental income is $30,455.40 with a 4% increase in November each year, with a 5-year lease agreement in place. Located in a brilliant inner City location, with the convenience of the Bay and a short walk to all the city eateries and large shopping complexes. All information offered by Compton Green is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Compton Green merely do no more than pass the information on. Use of such material is at your sole risk. Compton Green does not have any belief one way or the other as to whether the information is accurate and prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Compton Green will not be liable for any loss resulting from any action or decision by you in reliance on the information from Compton Green.

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