Lot 207, 18 The Esplanade South, Geelong VIC 3220

Quest Geelong is ideally located near Geelong's vibrant waterfront and central business district and conveniently positioned via major arterial access. Features surrounding the hotel include Cunningham Pier, Eastern Beach, The Geelong Arena, Botanical Gardens, Little Creatures Brewery, Adventure Park Geelong and The Great Ocean Road.
Geelong is Victoria's second largest city, and a hot spot for investors.

Having just completed a major refurbishment this two bedroom dual key apartment presents like new.
• Stone bench tops installed throughout
• New cabinetry to main kitchen, kitchenette and bathrooms
• All new cooking appliances, oven hotplate, wall oven etc
• Bathroom re-tiled with new waterproofing to wet areas.
• New tapware, mirrors, frame less screens & built in laundry.
• All new carpet and paint throughout.
• $60,000 refurbishment cost.

Spacious in size this 2 bedroom twin key apartment, with interconnecting door provides the versatility of a being occupied as a 1 bedroom and separate studio (with kitchen and kitchenette) or a full plan 2 bedroom, 2 bathroom apartment.
With walk in showers to bathrooms, full laundry facilities, and a large floor are of 94m2 including outdoor terrace, its a modern and chic investment with no expenditure required.
The apartment includes an undercover car park on title- and is walking distance to the foreshore and entertainment precincts!

4% rental increases to 2025.

Lease Details:
Current Rent : $622 per week - $32,393 pa
Return: 6.37% Gross - 5.61%- Net

NOV 2023 + 4% = $647 pw- 6.63% gross
NOV 2024 + 4% = $673 pw- 6.85% gross
NOV 2025- Market Review.

Leased to: 31/10/2025 plus 6 x 5 Year options
Rent Increases: 4% pa
**Net returns do not include government taxes**

Approximate Owner Outgoings:
Council Rates: $1933 per annum
Water Rates: $720 per annum
Body Corporate Administration Fee: Paid by tenant
Body Corporate Sinking Fund: $1217 per annum

In accordance with Section 47AF of the Estate Agents Act 1980 please view the Statement of Information provided.


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