402/48 Victoria Parade, Rockhampton City, QLD, 4700

SoldFeb 6, 2026

402/48 Victoria Parade, Rockhampton City, QLD, 4700

Amount undisclosed

93 m²

Apartment

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Sold: Feb 6, 2026

What's around 402/48 Victoria Parade

SOLD BY SERVICED APARTMENT SPECIALISTS. Front-Facing Full River Views 37,725 pa

High Yield Serviced Apartment Investment | 7.37% Return | Secure Lease to 2028 + Options | Rockhampton CBD An exceptional opportunity to secure a high yield serviced apartment investment in the heart of Rockhampton CBD. This tenanted Quest serviced apartment offers secure passive income, fixed annual rental increases and long-term lease security ideal for SMSF investors or buyers seeking a set-and-forget corporate investment. Located within Quest Rockhampton (approx. 11 years old) on the banks of the Fitzroy River along Victoria Parade, this property benefits from strong corporate, government and FIFO accommodation demand. Positioned within walking distance to dining, retail, Pilbeam Theatre, art galleries and the Rockhampton Showgrounds, and just 3.8km to Rockhampton Airport, the location supports consistent occupancy from business and mining-related travel. Rockhamptons central position along major north, south and west freight infrastructure routes, combined with significant mining activity and a large regional workforce, underpins ongoing demand for quality serviced accommodation. Lease details: Current Rent: $725 per week- $37,725 per annum Current Return: 7.37% Gross- 6.55% Net Rent Increases as follows: Oct 2026 + 4%= $39,234 pa - 7.66% Oct 2027 + 4%= $40,803 pa - 7.97% Oct 2028- Market Review. Lease Terms: Lease to September 2028 plus 3 x 5 year options Rent Increases: 4% annually (except market review year) PROPERTY FEATURES Front river-facing dual key apartment with uninterrupted Fitzroy River views 2 bedroom, 2 bathroom configuration (Twin Key design) 93.23m? total floor area Two private balconies (living area and master bedroom) Flexible interconnecting layout lease as a full 2-bedroom apartment or split as 1-bedroom + studio Open-plan kitchen, dining and spacious living area Allocated car space included The dual key configuration enhances rental flexibility for the hotel OWNER OUTGOINGS (APPROX.) Council Rates: $2,791 per annum Water Rates: Included in council rates Body Corporate Administration: Paid by tenant Body Corporate Sinking Fund: $2,400 per annum Please note: Images shown are of an identical apartment (same floor plan, size, fixtures and fittings) located on a higher floor. Disclaimer: The information provided is general in nature and does not constitute investment, legal or taxation advice. Prospective purchasers should conduct their own independent due diligence and seek professional advice to determine suitability. Information has been supplied by the vendor and is passed on without independent verification. All interested parties should rely on their own enquiries. We accept no liability for errors, omissions or changes in legislation affecting the lease or property.