105/40 Playfield Street
Chermside, QLD 4032

Overview

105/40 Playfield Street, Chermside

Located within the highly sought-after Quest Hotel Apartments in the heart of Chermside, this exceptional apartment offers a unique investment opportunity. Featuring two spacious bedrooms, two bathrooms, and secure parking for one vehicle, this residence is designed for both comfort and functionality.

The property is leased to a reputable commercial operator, providing a strong annual return of approximately $42,000. The long-term lease extends until 2030, with two additional five-year options, ensuring income security well into the future. The lease includes 4% annual rental increases between market reviews, with the next review scheduled for November 2030, positioning the investment for consistent growth.

Ownership is effortless as the tenant covers all outgoings except fixed water rates, making this a true set-and-forget asset. The apartment features a unique dual-living capability with a second kitchenette servicing the second bedroom, enhancing versatility and appeal.

Additional property features include a private balcony that enhances guest appeal and livability, a wheelchair accessible design that improves usability and tenant attraction, and full furnishing maintained to hotel standards. The layout is functional and low-maintenance, ideal for long-term leasing arrangements.

The building offers onsite professional management, gym facilities, and meeting rooms. It is a serviced apartment complex with strong occupancy demand, secure and well-maintained, demonstrating proven investor performance.

Prime location advantages include walking distance to Westfield Chermside, proximity to Kedron Wavell Services Club, approximately 12 kilometers to Brisbane CBD, and a 10 to 15-minute drive to Brisbane Airport.

Set within a high-demand accommodation hub, this property combines strong yield, long-term security, and unique layout versatility, making it an outstanding addition to any investment portfolio. Interested parties are encouraged to register their interest promptly as this opportunity is expected to attract significant attention.

Location