SOLID INVESTMENT OPPORTUNITY BY THE BAY

8/16 The Esplanade South, Geelong, 3220

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Contact for PriceFor Sale
  • Ownership Type Apartment
  • Property Area 0 sqft
  • Bedrooms 2
  • Bathrooms 1
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Balcony
  • Carport: 1
  • Secure Parking
  • Air Conditioning
  • Built-in Wardrobes

Property Overview

Looking for a set and forget investment where the return is guaranteed and you have no further worries .The apartments are managed by Quest who take care of the lease, maintain and rent the apartments with a long list of corporate tenants who regularly use the complex. Two bedroom, newly renovated apartment offering modern kitchen and appliances, large living /dining space, split system unit in the living area and master bedroom . Central bathroom and laundry facilities and outside balcony to entertain. Car parking space is available in this very secure complex. The yearly rental income is $29,284.04 with a 4% increase each year which is a great return in the current market place. A further 5 year lease agreement has been signed it makes a lot of sense to invest in real estate instead of placing the funds in the Bank. Great inner City location with the convenience of the Bay and a short walk to all the city eateries and large shopping complexes.

All information offered by G.J McDonald & Co. is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such G.J McDonald & Co. merely do no more than pass the information on. Use of such material is at your sole risk. G.J McDonald & Co. does not have any belief one way or the other as to whether the information is accurate and prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. G.J McDonald & Co. will not be liable for any loss resulting from any action or decision by you in reliance on the information from G.J McDonald & Co.

Location on Google Map

8/16 The Esplanade South, Geelong, 3220

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