Secure & High-Performing Portfolio Addition with 7.22% Returns.
Apartment 509 at 616 Glenferrie Road presents an exceptional opportunity to secure a high-performing asset, securely tenanted by a successful hotel brand. With strong rental returns and long-term lease security, this property is an ideal set-and-forget investment for SMSF buyers.
Apartment 509 also features:
- Secure 5-year lease in place, returning $24,494.35 per annum
- New 5-Year Lease Renewal: Secure term until May 2031, with further options
- Further 3 x 5-year options, ensuring long-term income security
- Strong tenant appeal supported by professional onsite management
- Ideal SMSF investment
Positioned within a residential complex, the property benefits from professional onsite management and an extensive suite of amenities, further strengthening tenant demand and long-term occupancy rates.
This opportunity combines strong rental yields, excellent tenant retention, and a premium Hawthorn location making it a rare chance to secure a set-and-forget investment.
