High-Yield Apartment in Ivanhoe [INVESTORS ONLY]
8.28% Gross Return
6.77% Net Return
$390,000
60/72-84 UPPER HEIDELBERG ROAD, IVANHOE
Purpose-Built Investment | Long-Term Lease | No Owner Occupation
💼 This is an investment-only property – not for owner-occupiers.
Leased to Quest Apartment Hotels until November 2028, with 2 x 5-year options, this fully refurbished 2-bedroom twin key apartment offers strong returns, professional onsite management, and zero hassle for the investor. Ideal for SMSFs or passive income seekers wanting long-term consistency in a blue-chip inner-north location.
Overview
🔹 Key Details
Rent: $621 per week ($32,279 p.a.)
2 Bedrooms | 2 Bathrooms | 2 Kitchens | Balcony | Secure Carpark on Title
Flexible dual-key layout – 1 bed + studio or full 2 bed, 2 bath
Fully refurbished kitchens & bathrooms – no capital outlay required
🏙 Location Highlights – Ivanhoe
Prime Upper Heidelberg Road position in the heart of Ivanhoe’s retail, medical & lifestyle precinct
Close to Austin Hospital, Warringal Private, and major health employers
Walk to Ivanhoe Station, Burgundy Street cafés & grocers
Less than 10km to Melbourne CBD
Sought-after location with strong demand for corporate and medical accommodation
📅 Lease Details
Current Lease to: 23 November 2028
Options: 2 x 5-year lease renewals
Next Market Rent Review: November 2028
Annual Increases: 4%
💰 Outgoings (Approx. Annual)
Council Rates: $1,001.85
Water Rates: $580
Body Corp Sinking Fund: $3,032
(Admin fee paid by tenant)
📩 Investor Pack Available on Request
Includes: Contract of Sale, Lease Agreement, Title, Statement of Information & Floorplan
📞 Contact Stellar Brokers For more information or to request documents.
Disclaimer: The information provided is for general guidance only and is not intended as investment, legal, or tax advice. All figures and details have been supplied by the vendor or third parties and are provided by way of example only. Prospective purchasers should conduct their own independent due diligence and seek advice from legal, financial, or tax professionals to determine the suitability of this investment for their individual circumstances. No responsibility is accepted for the accuracy of the information provided. Images and floor plans shown are indicative only and may not depict the exact apartment for sale. An inspection of the specific unit is essential to confirm layout, condition, and inclusions.
