Positioned on the iconic Geelong Waterfront, Apartment 204 at 16 The Esplanade South presents a rare opportunity to secure a hassle-free investment within the tightly held Quest Geelong complex. With the CBD, Eastern Beach, cafés, restaurants and transport all within walking distance, this blue-chip location continues to drive strong, consistent demand.
Leased to Quest under a secure long-term agreement, this is a true "set and forget" investment. With a flat fee net return paid regardless of occupancy, investors can enjoy reliable income and peace of mind, supported by annual rental increases built into the lease.
Investment Snapshot
1. Approx. $23,958 net annual return
2. 4% annual rent increases
3. Lease secured until 2030 + further options
4. Income paid regardless of occupancy
Property Features
1. $35,000 refurbishment recently completed
2. Modern, updated interior throughout
3. Stone benchtops & quality finishes
4. 56.53m² internal living plus balcony
Outgoings
1. Owners Corporation: $2,965.42 p.a.
2. Council Rates: ~$1,741 p.a.
Offering guaranteed income, a premium waterfront position and a professionally managed lease, this is an outstanding opportunity for investors seeking simplicity, stability and long-term growth in the heart of Geelong.
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