8/16 The Esplanade South
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About this property
Returning over 7% net p/a, this worry-free investment with guaranteed returns is a brilliant investment opportunity! Presenting a meticulously renovated two-bedroom apartment impeccably managed by Quest, a renowned industry expert. Quest takes care of every facet of leasing and maintenance, ensuring your peace of mind. Inside, you'll find a contemporary kitchen, generously proportioned living spaces, split-system heating and cooling, convenient laundry facilities and an inviting outdoor balcony. With a solid annual rent income, this apartment promises steady growth and comes with the added security of a pre-existing lease agreement. Ideally located close to both the CBD and waterfront, this property provides easy access to all of the first class facilities Geelong has to offer. Act promptly to secure this outstanding investment prospect. - Long lease agreement in place. 4% yearly increases every November - Freshly renovated with contemporary finishes - Spacious living areas and a modern kitchen enhance the living experience - Split-system heat and cool in the living areas and master bedroom - In-unit laundry facilities for convenience. Fully furnished. - Secure parking within the complex provides peace of mind - A secure lease agreement is already in place. Guaranteed returns - The inner-city location offers easy access to the Bay and city amenities - Easy commute to Melbourne and the Surfcoast
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 94 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Geelong
This 2-bedroom apartment in Geelong, VIC 3220 sits within reach of public transport, local shops and nearby schools. It is listed 38% below the $787,500 median of 76 comparable apartmentswithin 5 km.
Schools near Geelong
- Matthew Flinders Girls Secondary Collegesecondary · 7-12 · CoEd
- SEDA College (Victoria) - AFL- Geelongsecondary
What's nearby
- Geelong 1 (train) — 841 m away
- Helloworld Travel — 1.3 km away
- Stradling Reserve — 139 m away
- Unnamed — 148 m away
- Unnamed — 274 m away
Geelong at a glance
Full suburb profile- Population
- 5,811
- Median age
- 40
- Household income
- $1,670/wk
- Median rent
- $370/wk
- Median mortgage
- $2,000/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Geelong price trend
Median sold · Unit 2 bed
Compound growth -2.2% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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