2 Bed Apartment Leased to Quest [INVESTORS ONLY]
8.64% Gross Return
6.64% Net Return
$220,000
📍 Lot 28 66 Julia Street, Portland VIC
Set-and-Forget Investment | Long Lease | Passive Income
💼 This is an investment-only property – not for owner-occupiers. Leased to Quest Apartment Hotels until 30 June 2028, with 3 x 5-year renewal options, this well-positioned and spacious 2-bedroom apartment offers stable, long-term income with no tenant management or vacancy concerns.
Perfect for SMSFs or portfolio investors, it’s fully managed and rent is paid regardless of occupancy.
Overview
🔹 Key Details
Rent: $366 per week ($19,013 p.a.)
2 Bedrooms | 2 Bathrooms | Enclosed courtyard | 2 Carparks on Title
Spacious 50m²
🏙 Location Highlights – Portland VIC
Central Julia Street location, just 100m from shops, cafés & eateries
Walk to grassy foreshore, Nuns Beach & the marina
Key regional hub with deep-water port and growing infrastructure
Home to Alcoa aluminium smelter & major transport/logistics industry
Surrounded by historic bluestone buildings & National Trust landmarks
📅 Lease Details
Leased to: 30 June 2028
Options: 3 x 5-year lease renewals
Rental Increases: • July 2026: +4% • July 2027: +4%
July 2028: Market Review
💰 Outgoings (Approx. Annual)
Council Rates: $982
Water Rates: $604
Body Corporate Sinking Fund: $2,811 (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.
