204/16 The Esplanade South, Geelong VIC 3220

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 1 • Bathrooms: 1

Description: Positioned on the iconic Geelong Waterfront, Apartment 204 at 16 The Esplanade South presents a rare opportunity to secure a hassle-free investment within the tightly held Quest Geelong complex. With the CBD, Eastern Beach, cafés, restaurants and transport all within walking distance, this blue-chip location continues to drive strong, consistent demand. Leased to Quest under a secure long-term agreement, this is a true "set and forget" investment. With a flat fee net return paid regardless of occupancy, investors can enjoy reliable income and peace of mind, supported by annual rental increases built into the lease. Investment Snapshot 1. Approx. $23,958 net annual return 2. 4% annual rent increases 3. Lease secured until 2030 + further options 4. Income paid regardless of occupancy Property Features 1. $35,000 refurbishment recently completed 2. Modern, updated interior throughout 3. Stone benchtops & quality finishes 4. 56.53m² internal living plus balcony Outgoings 1. Owners Corporation: $2,965.42 p.a. 2. Council Rates: ~$1,741 p.a. Offering guaranteed income, a premium waterfront position and a professionally managed lease, this is an outstanding opportunity for investors seeking simplicity, stability and long-term growth in the heart of Geelong.