210/48 Wellington Parade, East Melbourne, Vic 3002

A fantastic opportunity to kickstart or grow your investment portfolio! Situated within the renowned Quest East Melbourne, this spacious Level 2 Quest serviced apartment offers guaranteed rental income and peace of mind – all just moments from the CBD, MCG, Fitzroy Gardens, and vibrant inner-city lifestyle amenities.

Currently leased until August 2027 with four further 5-year options, the property delivers approx. $21,201.91 p.a. in rental income, with fixed 4% annual increases ensuring steady growth. This is a rare, true "set-and-forget" investment in one of Melbourne’s most tightly held blue-chip suburbs.

**Lease Details**

• Secure lease with Quest Hotel until Aug 2027
• Further Four (4) of Five (5) years options terms (from Aug 2027)
• Current rental income: $21,201.91 p.a
•  Annual 4% rent increases (Next due Aug 2025)
• Market rent review - every 5 years (next due August 2027)
• Secured rental income without zero vacancy is a PLUS
• No day-to-day landlord involvement

Outgoings:

• Tenant Pays: Owners Corp Admin Fees, Water Usage

• Owner Pays: 

Owners Corp Maintenance Fund - $1,502.60 p/a
Council Rates - $1,219.76 p/a
Water   Rates  - $1,100 p/a

This is a rare opportunity to own a stress-free, income-producing property in one of Melbourne’s most desirable postcodes. Don’t miss out!

Sean Cho: 0435 944 942

**Inspections by Appointment Only