📍 Lot 69, 1 Eildon Road, St Kilda VICLeased to Quest St Kilda Bayside | Purpose-Built Investment | No Owner OccupationSecurely leased to Quest St Kilda Bayside until 30 June 2027, with 4 x 5-year options, this renovated 2-bedroom, 1-bathroom apartment with gated car park offers investors a set-and-forget income stream with fixed annual growth. Professional onsite management makes this a hassle-free investment suited to SMSFs and passive investors.🔹 Investment Highlights- Price: $465,000- Tenant: Quest St Kilda Bayside- Gross Income: $636 per week | $33,084 p.a.- Outgoings: $4,273 p.a. (approx.) - Council: $1,769 - Water: $692 - Owners Corp Fund: $826 (OC1) + $986 (OC3)- Net Income: $28,811 p.a. (approx.)- Returns: 7.11% Gross | 6.26% Net- Lease Term: To 30 June 2027- Options: 4 x 5-year renewals- Increases: 4% annually (each July)- Market Reviews: Every 5 years (next July 2027)- Configuration: 2 Bedrooms | 1 Bathroom | 1 Secure Car Park- Built 1997 | Renovated- Land Tax (due 1 July 2026): $975🏖 Location Advantages – St Kilda- Bayside location close to Acland Street, Fitzroy Street & St Kilda Beach- Strong demand from corporate, medical & leisure accommodation- Excellent tram & train access to Melbourne CBD- Surrounded by cafés, restaurants, entertainment & lifestyle amenities- Iconic suburb with lasting investor appeal.📩 INVESTOR PACK AVAILABLEIncludes: Lease Details, Floorplan & Statement of Information📞 Contact Stellar Brokers – request your Investor Pack today.
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