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Overview
A Secure, Hands-Off Investment in One of Perth's Most Sought-After Locations
This property presents a unique opportunity to acquire premium short-stay apartments in the highly sought-after Forbes Residences located in Applecross. Designed specifically for investors, these apartments offer stable, low-maintenance, long-term returns.
The offering includes three adjacent apartments 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 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. Importantly, all day-to-day cleaning and ongoing furniture refurbishment costs are fully covered by the lessee, ensuring ownership remains genuinely hands-off with minimal ongoing financial outlay. The complete inventory of furniture, appliances, and equipment is included with the sale of each apartment.
At the conclusion of the lease term, owners have the flexibility to continue with short-stay management or transition the apartments to standard strata-titled use, including 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 + extension options
- Occupancy, cleaning, and furniture refurbishment covered by lessee
- Premium short-stay demand in blue-chip Applecross
- Dual-key apartments on single strata titles
- Efficient holding costs and simplified ownership
- Fully furnished - 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.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| Offers From $1.1M | |
| Offers From $1M |
Location
Applecross WA 6153
Measurements
| Type | Dimensions |
|---|---|
| Building Area Sqm | 86 |
| Floor Area | 86 m² |
Market Insights for Applecross WA 6153
Other properties in this postcode
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