Lot 106/3 Kingston Road
Heatherton, VIC 3202

Overview

Lot 106/3 Kingston Road, Heatherton VIC 3202

Positioned within the well-established Quest Moorabbin serviced apartment complex, this spacious twin-key apartment offers an exceptional investment opportunity for those seeking secure passive income, long-term lease certainty, and low-maintenance ownership within a professionally managed accommodation asset.

The apartment spans approximately 80 square meters including balcony space and features two generously sized bedrooms, two bathrooms, and two fully equipped kitchens. Separate laundry facilities, spacious living and dining areas, a private balcony, and secure car parking on title complete the residence.

Residents and guests benefit from a range of hotel-style on-site services and facilities managed by Quest, including professional on-site management, reception services, guest assistance, and streamlined check-in and check-out processes designed for convenience and efficiency.

Additional amenities within the complex include a fully equipped gym, BBQ and outdoor entertaining area, communal dining spaces, and conference/business facilities, catering to both short-stay and long-stay corporate guests.

The functional twin-key configuration is designed to accommodate both corporate and extended stays, enhancing rental flexibility while supporting strong ongoing occupancy demand within the Quest accommodation network. The professional management structure ensures consistent presentation standards, efficient maintenance response, and a seamless guest experience.

Investment highlights include a secure lease arrangement until 2046, current rental income of $2,812.53 per month, fixed 4% annual rental increases, and professional management by Quest accommodation operators. The property enjoys strong corporate and long-stay tenant demand, offering a low-maintenance “set-and-forget” investment profile and a stable long-term income stream.

Owner outgoings are approximately $1,887 per annum for council rates, $704.20 per annum for water rates, $975 per annum for land tax, and $1,076.40 per annum for the body corporate sinking fund.

Strategically located within Melbourne’s highly regarded south-east business corridor, Quest Moorabbin is positioned moments from Holmesglen Private Hospital, Moorabbin Airport, and major retail destinations including DFO Moorabbin, Southland Shopping Centre, and Costco Wholesale Moorabbin. The location is also surrounded by Melbourne’s renowned Sandbelt golf courses, further strengthening consistent accommodation demand from both corporate and leisure markets.

Combining secure long-term rental income, structured annual growth, and minimal ongoing management requirements, this property represents an outstanding opportunity for investors seeking a resilient income-producing asset in a tightly held hospitality accommodation sector.

Location