This property is under a long-term lease with Quest Apartment Hotels, offering fixed rental income that is not dependent on occupancy levels.
There are no management or letting fees, and the hotel covers building insurance and all owner corporation administrative levies.
Current Rent: $355 per week ($18,536 per annum)
Current Yield: Gross 6.74%
Lease Details:
Lease in place until 30/09/2027
Rent reviews: 3% annual increases
Next market rent review due September 2027
Scheduled rent increase: October 2026 +3%
Property Features:
1 bedroom, 1 bathroom, balcony
Approximate Owner Outgoings:
Owners Corporation: $1,120 per annum
Council Rates: $1,200 per annum
Water Rates: $1,360 per annum (paid by hotel)
Welcome to one of Melbourne's most renowned residential towers, superbly located opposite Flinders Street Station, the Arts Centre, and the Royal Botanic Gardens. Enjoy outstanding connectivity with city trams, trains, and buses at your doorstep, and close proximity to QV, Melbourne Central, Crown Melbourne, as well as leading education institutions including RMIT and the University of Melbourne.
Fully equipped gym and sauna, guest laundry facilities, 24-hour reception, business centre, onsite café, high-speed internet, and secure car parking are all available for residents' convenience.
Please contact us for more details or to arrange a private inspection.
