212/10 Forbes Road
Applecross, WA 6153

Overview

A Secure, Hands-Off Investment in One of Perth's Most Sought-After Locations

This property presents a unique opportunity to invest in premium short-stay apartments located in the highly sought-after area of Applecross. The Forbes Residences are designed specifically for investors looking for stable, low-maintenance, long-term returns. This listing includes three adjacent apartments situated on Level 2 at 10 Forbes Road, all currently under a long-term management lease with guaranteed income until 2030, with an option to extend for an additional five years.

The portfolio consists of three properties, including two dual-key apartments (210/210S and 211/211S), each configured as a one-bedroom apartment plus a separate studio. These can be leased individually or combined as two-bedroom suites, providing operational flexibility while remaining on a single strata title, which helps minimize strata fees and holding costs. The third property, apartment 212, is a spacious two-bedroom, two-bathroom residence featuring dual private balconies.

Returns are fixed under the lease and indexed annually to CPI, ensuring income certainty regardless of occupancy levels. All day-to-day cleaning and ongoing furniture refurbishment costs are fully covered by the lessee, allowing for a genuinely hands-off ownership experience with minimal ongoing financial outlay. The complete inventory of furniture, appliances, and equipment is included with the sale of each apartment.

At the end of the lease term, owners have the flexibility to either continue with short-stay management or transition the apartments to standard strata-titled use, which includes options for long-term leasing or personal use. With a premium building, established corporate short-stay demand, and a tightly held location in Applecross, these apartments also offer strong prospects for capital growth over the life of the investment.

Investment Highlights:

• Fixed income with annual CPI indexation
• Lease secured through to 2030 with extension options
• Occupancy, cleaning, and furniture refurbishment covered by the lessee
• Strong demand for premium short-stay accommodations in Applecross
• Dual-key apartments on a single strata title
• Efficient holding costs and simplified ownership
• Fully furnished with complete inventory included
• Strong long-term capital growth fundamentals
• Flexible exit options at lease expiry

This is an exceptional opportunity for investors seeking predictable income, low involvement, and long-term security.

Location