Investors!! A brilliant opportunity to secure a two bedroom, two bathroom + secure basement carpark on title property situated in Melbourne's most sought after inner-eastern neighbourhoods.
Perfectly positioned within walking distance to the MCG, Rod Laver Arena, and AAMI Park, and just moments from the coveted Paris End of the Melbourne CBD. Enjoy easy access to iconic theatres, renowned restaurants, Chinatown, Federation Square, and the very heart of the city.
This is an exceptional opportunity to acquire a blue-chip investment in one of Melbournes most desirable inner-east pockets.
Investment Highlights:
Rents paid regardless of occupancy
Long-term lease to Quest Apartments
No management fees
No letting fees
No Airbnb or short-stay taxes
Secure, consistent income stream
Owners Corporation administration levies and building insurance are paid by the hotel.
All furniture, bedding, electrical, white goods, housekeeping, and full management covered by the hotel- providing a truly hands-off investment.
Set within a small boutique building with future airspace development potential, this property represents a rare blend of income security, location, and long-term upside in one of Melbournes most sought-after precincts.
Lease:
Rent as of?July 2026?= $594 pw -?$30,906 pa
Return as of July 2026 =??6.57% Gross -? 5.79%- Net
Scheduled Rent Increases As Follows:
July?2027?+ 4% =$32,142 pa - 6.83% gross
July?2028?+ 4% = $33,428 pa - 7.10% gross
July?2029?+ 4% = Market Review
Lease Terms:?? Lease to July?2029?with 5?x 5 yr options
Rent Reviews and Increases:?
4% yearly-? with market rent reviews every 5 years (next due?2029)
**Net returns do not include future capital works or additional government taxes associated?with property ownership
Open plan, with full ensuite to master, fully equipped updated kitchen, stone benchtops, beautiful hardwood feature glass doors, split system heating and cooling and laundry facilities.
It's priced to sell, with planned rental increases through 2029!
Approximate Owner Outgoings:
Council Rates : $1819 pa
Water Rates: $716 pa
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1151 pa
Please call Mandy Fountain for more information 0408 10 30 10
The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
