Quest Werribee – Secure 2 Bedroom Strata Investment 308/69 Synnot Street WERRIBEE VIC

Description

An excellent opportunity to secure a premium strata apartment within the highly regarded Quest Werribee, centrally positioned within one of Melbourne’s fastest-growing corridors.

This 2-bedroom apartment offers investors a strong passive income stream with secure long-term tenure and structured rental increases already in place.

Investment Highlights:
• Gross Rent: $38,790 p.a.
• Council Rates: $2,228 p.a.
• Water Rates: $1,150 p.a.
• Net Rent: $35,412 p.a.
• Asking Price: $530,000
• Approx. 6.7% yield
• Long-term lease security extending through to 2052
• Fixed annual increases plus market reviews
• Low-maintenance passive investment

• Secure long-term lease with three (3) further options of ten (10) years each
• Further terms commenced / commencing:
27 February 2022
27 February 2032
27 February 2042

Rental Review Structure:
• Year 1 of current further term:
Commencing rental of $35,144.23 + GST p.a.
• Years 2–3:
Fixed annual 2% increases
• Years 4–5:
Fixed annual 3% increases
• Year 6:
Market rent review
• Years 7–10:
Annual rental adjustments in accordance with lease provisions

Future Option Terms:
• Commencing 2032 and 2042
• Rental determined by market review process at commencement of each further term

The lease provides strong long-term tenure and structured rental growth, making the asset well suited to passive investors seeking secure income and low-maintenance ownership. These types of strata accommodation investments are popular with SMSF buyers, passive investors and professionals seeking stable income with low day-to-day management responsibilities.

Located moments from Watton Street dining, the Werribee River precinct and major tourism and business infrastructure, Quest Werribee continues to benefit from strong accommodation demand and a strategic western Melbourne location.