Positioned within a well-established serviced apartment complex, this one-bedroom investment presents a set-and-forget opportunity designed exclusively for investors. With a secure long-term lease in place and no requirement for active management, the property delivers consistent income backed by a recognised accommodation operator.The apartment has recently benefited from quality upgrades, including new carpets, blinds, curtains, and stylish stone benchtops to both the bathroom and kitchen—minimising near-term capital expenditure while enhancing tenant appeal.Offering attractive gross and net yields, this asset is ideal for SMSF buyers or investors seeking stable, passive income with potential long-term growth. The extended lease structure further strengthens the investment, providing certainty and peace of mind in a tightly held accommodation market.A low-maintenance addition to any portfolio, this is a rare chance to secure a high-performing property in a premium location without the complexities of traditional residential leasing.Current Annual Gross Rent: $26,687.10Less Annual Outgoings:OC1: $1,071.16OC2: $514.92Water Rates: $1,200.00Council Rates: $1,357.00Net Rent: $22,544.02Asking Price: $350,0007.62% Gross Yield/6.44% Net YieldRecent Upgrades:The room has been recently refurbished with new carpets, blinds, curtains, and stone benchtops to both the bathroom and kitchen, reducing immediate capital expenditure for an incoming purchaser.Lease Details:Current term: 8 December 2023 to 7 December 2028 plus four further options of five years each, providing 22 years of tenure remaining.Please contact Liz Galea directly to arrange an inspection or discuss further. liz@stellarbrokers.com.au or 0417 334 298
Mobile: 0417 334 298
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