High-Yield Apartment in Moonee Ponds [INVESTORS ONLY]
7.77% Gross Return
6.77% Net Return
$460,000
📍 Apartment 31, 7 Feehan Ave, Moonee Ponds VIC
Passive Investment | Long-Term Lease | No Owner Occupation
💼 This is an investment-only property – not for owner-occupiers. Securely leased to Quest Apartment Hotels until March 2026, with a further 6 x 5-year options, this fully refurbished 2-bedroom apartment delivers strong returns, low maintenance, and a true set-and-forget investment.
Overview
🔹 At a Glance
$688 per week rent ($35,770 p.a.)
2 Bedrooms | 2 Bathrooms | Balcony | Carpark on Title
Spacious 89.2m² internal + outdoor terrace
Fully refurbished kitchens & bathrooms – no upgrade costs
📅 Lease Details
Current lease to: 04 March 2026
Options: 6 x 5-year lease renewals
Next market rent review: March 2026
Annual CPI increases: 2027–2030
Following market review: March 2031
🏙 Location Highlights
Directly opposite the $2B Moonee Valley Racecourse redevelopment
Secure boutique complex with pool, BBQ area, conference facilities
8km to Melbourne CBD, close to Essendon Airport, public transport & Puckle Street dining precinct
💰 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.
