Premium, Set-and-Forget Investment with Recent Renovation

Located within the respected Quest Apartments complex, this fully renovated two-bedroom residence offers a rare combination of secure corporate leasing, minimal outgoing costs and a contemporary interior upgrade. With the kitchen, both bathrooms and laundry recently refurbished, this is a blue-chip opportunity for investors seeking strong returns and long-term confidence.

Strategically positioned in one of Newcastle’s most highly regarded corporate accommodation hubs, the property continues to draw steady demand from business travellers and executive guests. A secure 5-year lease is already in place, supported by five additional 5-year renewal options and a fixed 3% annual rental increase — underpinning dependable income and future capital growth.

Apartment Features:
– Recently renovated kitchen, bathrooms and laundry
– Positioned on the fifth floor
– Light-filled living space with split-system air-conditioning and wide glazing
– Spacious main bedroom with private balcony and district/city views
– Full-size laundry — a rare convenience in today’s apartments
– Access to building amenities including indoor pool, spa and gym

Financial Snapshot:
– Strong rental income: $34,258 p.a. (approx. $659 per week)
– Fixed 3% annual rent increase
– Lease term: 5 years + 5 x 5-year renewal options (First Option expires 11/06/2030)
– Council Rates: Approx. $1,687.32 p.a.
– Strata Rates: Approx. $1,575 p.q

A true set-and-forget addition to any portfolio, this apartment pairs modern finishes with exceptional returns, making it an unbeatable investment in the heart of Newcastle.

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.