210/48 Wellington Parade, East Melbourne, VIC 3002

Property features

Bedrooms & bathrooms

Built-in wardrobes

Indoor features

Broadband Dishwasher

City Views Balcony

Pets Allowed Heating

Intercom

Property Description

Attention Investors, Incredible 9% Returns With This 'Set-and-Forget' Investment Opportunity - Guaranteed Lease with the Quest Hotel.

A fantastic opportunity to kickstart or grow your investment portfolio! Situated within the renowned Quest East Melbourne, this spacious Level 2 Quest serviced apartment offers guaranteed rental income and peace of mind all just moments from the CBD, MCG, Fitzroy Gardens, and vibrant inner-city lifestyle amenities.

Currently leased until August 2027 with four further 5-year options, the property delivers approx. $21,201.91 p.a. in rental income, with fixed 4% annual increases ensuring steady growth. This is a rare, true "set-and-forget" investment in one of Melbournes most tightly held blue-chip suburbs.

**Lease Details**

Secure lease with Quest Hotel until Aug 2027

Further Four (4) of Five (5) years options terms (from Aug 2027)

Current rental income: $21,201.91 p.a

Annual 4% rent increases (Next due Aug 2025)

Market rent review - every 5 years (next due August 2027)

Secured rental income without zero vacancy is a PLUS

No day-to-day landlord involvement

Outgoings:

Tenant Pays: Owners Corp Admin Fees, Water Usage

Owner Pays:

Owners Corp Maintenance Fund - $1,502.60 p/a

Council Rates - $1,219.76 p/a

Water Rates - $1,100 p/a

This is a rare opportunity to own a stress-free, income-producing property in one of Melbournes most desirable postcodes. Dont miss out!

Sean Cho: 0435 944 942

**Inspections by Appointment Only