Secure, passive income in a long‑established Glebe serviced apartment complex. Unit 12 at Trinity House is leased to Fawless Pty Ltd, the operator of Quest Trinity, under a commercial lease with fixed 4% annual increases.
Lease highlights:
Current term runs 1 February 2026 to 31 January 2031, with further options to 2051
Rent is $23,500 pa + GST, set by an independent market review in 2026
Fixed 4% increases each February, taking rent to about $27,490 pa by 2030
The tenant maintains the interior, so there's no letting, vacancy or day‑to‑day management
Approximate landlord outgoings: council rates $1,651 pa, water $1,220 pa and body corporate $372 pa. Land tax depends on the buyer's other holdings.
The property sits a short walk from North Hobart's restaurant strip and the CBD, with strong year‑round corporate and leisure demand under the Quest brand.
