INVESTORS ONLY – St Kilda Serviced Apartment - $455,000 | 6.40% Net Return 69/1 Eildon Road ST KILDA VIC

Description

📍 Lot 69, 1 Eildon Road, St Kilda VIC
Leased to Quest St Kilda Bayside | Purpose-Built Investment | No Owner Occupation
Securely 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: $455,000
- Tenant: Quest St Kilda Bayside
- Gross Income: $662 per week | $34,407 p.a. (from July 26)
- Outgoings: $5,249 p.a. (approx.)
- Council: $1,769
- Water: $692
- Owners Corp Fund: $826 (OC1) + $986 (OC3)
- Land Tax: $975
- Net Income: $29,158 p.a. (approx.)
- Returns: 7.56% Gross | 6.40% 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

🏖 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.

Investment highlights:
- No pets generally permitted, although exceptions may be considered in limited circumstances with an additional bond.
- Regular property inspections are conducted, with minor maintenance undertaken by Quest—providing peace of mind for the owner and helping protect the condition of the apartment.
- No marketing, letting, or agent commission expenses typically associated with traditional residential leasing.
- Consistent rental income, paid monthly in accordance with the lease agreement.
- Fixed rental increase of 4% annually on 1 July, with a market rent review at the end of each lease term.
- No risk of unauthorised occupants or squatters, as the apartment remains under professional management by Quest.
- Fully furnished by the tenant (Quest), removing the need for owner capital expenditure on furnishings.

📩 INVESTOR PACK AVAILABLE
Includes: Lease Details, Floorplan & Statement of Information
📞 Contact Stellar Brokers – request your Investor Pack today.