18/270 Skenes Creek Road
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About this property
Recently renovated 2-bedroom apartment with extensive ocean views, located in a tightly held 20-unit complex. The property is offered on a 99-year leasehold and delivers an approximate 6% return, making it an attractive option for investors seeking reliable income with lifestyle upside. The apartment is currently under a holiday management agreement. With 12 months' notice, owners may exit the agreement and use the property for personal holiday use. Please note the property cannot be used for permanent residential living. If bought and sold in five years, the lease term would still have 99 years remaining, preserving long-term value.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 100 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Skenes Creek
This 2-bedroom apartment in Skenes Creek, VIC 3233 sits within reach of public transport, local amenities. It is listed 76% below the $950,000 median of 39 comparable apartmentswithin 5 km.
What's nearby
- Skenes Creek Valley Rd/Great Ocean Rd (bus) — 991 m away
- Unnamed — 909 m away
Skenes Creek at a glance
Full suburb profile- Population
- 249
- Median age
- 55
- Household income
- $1,260/wk
- Median rent
- $295/wk
- Median mortgage
- $1,450/mo
Source: ABS Census.
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