213/48 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. $16,794.12 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.

Key Features:
•	Secure lease with Quest Hotel until Aug 2027
•       Further Four (4) of Five (5) years options terms (from Aug 2027)
•	Current rental income: $16,794.12 p.a. with 
•       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 - $1,051.80 p/a
Council Rates - $1,032.24 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