13/489 High Street

Quest Bendigo is conveniently located just 5km from Bendigo's CBD. With plenty of cafe's and restaurants nearby, guests are spoilt for choice. Nearby attractions include Rosalind Park, the Golden Dragon Museum, the View Street Arts Precinct, Central Deborah Gold Mine tours, Bendigo Stadium and the Prince of Wales Showground. Well known for its strong economic and employment base, Bendigo also boasts a rich history dating back to the gold rush era. Reflecting its broad appeal, the city was awarded the prestigious Australian Tourism Award in both 2011 and 2012. Ongoing infrastructure investment, significant population growth, and strong connectivity to Melbourne and surrounding regional centres further strengthen Bendigo's attractiveness as an investment destination. Lease Details: Rent as of March 2026: $491 per week - $25,542 pa Return as of March 2026: 7.35% Gross - 6.04%- Net Scheduled Rent Increases as follows: March 2027 + 5%- $26,891 pa- 7.72% gross March 2028 + 5%- $28,160 pa- 8.11% gross March 2029 + 5%- $29,568 pa- 8.52% gross March 2030 - Market Review. Lease Terms: Lease to 29/03/2030 with 5 x 5 yr options Rent Reviews and Increases: 5% increases- market rent reviews every 5 years (next due March 2030) A rare offering featuring three bedrooms, including a master suite with full ensuite and walk-in robe. Boasting an open-plan living design and a fully equipped galley-style kitchen with a large corner pantry and dishwasher, seamlessly adjoining the dining and lounge areas. French doors open onto an entertainers balcony, creating an ideal space for indoor- outdoor living. The second and third bedrooms include built-in robes and are serviced by a central main bathroom, with the convenience of a separate laundry and split-system heating and cooling throughout. A secure car park on title and access to an in-ground swimming pool within the complex further enhance the appeal. Located within Quest Bendigo, this property presents investors with an excellent opportunity to secure a three-bedroom apartment as a valuable addition to their portfolio. Approximate Owner Outgoings: Council Rates : $2847 per annum Water Rates and usage: Paid by Hotel Tenant Body Corporate Administration fee: Paid by Hotel Tenant Body Corporate Sinking fund: $1703 per annum Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.