8/16 The Esplanade South, Geelong VIC 3220

Looking for a set and forget investment where the return is guaranteed and you have no further worries? This apartment is leased and managed by Quest, who take care of the lease, maintain, and rent the apartments within the complex with a long list of corporate tenants as regular guests. This two-bedroom, newly renovated apartment offers a modern kitchen and appliances, large living and dining space, split system heating & cooling in both the living area and master bedroom, central bathroom with laundry facilities, and outside balcony to entertain. Car parking space is available in this very secure complex.
The yearly rental income is $30,455.40 with a 4% increase in November each year, with a 5-year lease agreement in place. Located in a brilliant inner City location, with the convenience of the Bay and a short walk to all the city eateries and large shopping complexes.


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