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 Melbournes most tightly held blue-chip suburbs.

Key Features: Secure lease with Quest Hotel until Aug 2027 4 x 5 options terms (from Aug 2027) Current rental income: $16,794.12 p.a. with 4% annual increases 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, Council Rates, Water Rates

This is a rare opportunity to own a stress-free, income-producing property in one of Melbournes most desirable postcodes. Dont miss out!

Sean Cho: 0435 944 942

**Inspections by Appointment Only