Premium Applecross Investment Opportunity - Secure Income to 2030

A rare opportunity to acquire a two bedroom one bathroom apartment within the highly regarded Forbes Residences, one of Applecross's most sought-after addresses. Perfect for investors, this offering delivers secure, low-maintenance income with exceptional long-term growth potential.

Situated on the third floor corner with views in two directions this light filled apartment is extremely well equipped and has a luxurious feel about it.

Income is fixed under the initial lease agreement and increases annually in line with CPI, providing reliable returns regardless of occupancy levels. Importantly, all cleaning, maintenance of furnishings, and ongoing furniture, fittings and equipment (FF&E) refurbishment costs are fully covered by the lessee, creating a genuinely hands-off investment.

Even better, there are no management fees deducted from the lease income, ensuring investors receive the full benefit of the agreed returns.

The apartment is sold fully furnished, with the complete inventory of furniture, appliances and equipment included in the purchase price.

Positioned within a premium development in blue-chip Applecross, and supported by established corporate and executive accommodation demand, these apartments also offer compelling long-term capital growth prospects.

Investment Highlights
Guaranteed rental income with annual CPI increases
Long-term lease available through to 2030, plus extension options
No exposure to vacancy risk during the lease term
Cleaning and FF&E replacement costs covered by the lessee
No management fees payable on lease income
Premium short-stay accommodation in a tightly held Applecross location
Fully furnished with complete inventory included
Strong long-term capital growth fundamentals
Flexible ownership options at lease expiry
One secure carbay and 5 sqm storeroom

Opportunities offering secure, indexed income, minimal owner involvement and long-term investment certainty are seldom available in locations of this calibre.

For further information, a copy of the management lease, or to arrange a private inspection, contact Gary Dundon on 0478 950 811.

Rates & Local Information:
Water Rates: $1,463.16 (2024/25)
City of Melville Council Rates: $1,718.34 (2025/26)
Zoning: R-AC0
Primary School Catchment: Applecross Primary School
Secondary School Catchments: Applecross Senior High School

DISCLAIMER: Any floor or building area figures stated in this advertisement represent a calculation of the total lot area, which may include balconies, car bays, storage areas, and other spaces in addition to internal living space. Prospective buyers are advised to refer to the strata plan to verify the specific areas comprising the total figures provided. Furthermore, all information contained in this advertisement is provided for general information purposes only and is based on information supplied by third parties, including the Seller and relevant local authorities, and may be subject to change. No warranty or representation is made as to its accuracy, and interested parties should place no reliance on it and are encouraged to undertake their own independent enquiries.

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School catchments

Applecross Primary School Primary K-6 Government 0.69km
St Benedict's School Primary PP-6 Catholic 0.97km
St Pius X Catholic School Primary PP-6 Catholic 1.7km
Manning Primary School Primary K-6 Government 1.7km
Mount Pleasant Primary School Primary K-6 Government 2.0km
Ardross Primary School Primary K-6 Government 2.1km
Como Primary School Primary K-6 Government 2.2km
Aquinas College Combined PP-12 Catholic 2.2km
Applecross Senior High School Secondary 7-12 Government 2.2km
Como Secondary College Secondary 7-12 Government 2.4km
Curtin Primary School Primary K-6 Government 2.6km
Penrhos College Combined PP-12 Independent 2.9km
Brentwood Primary School Primary K-6 Government 3.2km
Booragoon Primary School Primary K-6 Government 3.2km
Collier Primary School Primary K-6 Government 3.4km
Hensman Street Elementary Primary PP-4 Independent 3.4km
Rossmoyne Primary School Primary PP-6 Government 3.6km
Wesley College Combined PP-12 Independent 4.0km
SEDA College WA Secondary Independent 4.1km
Santa Maria College Combined 5-12 Independent 4.3km
Rossmoyne Senior High School Secondary 7-12 Government 4.3km
All Saints' College Combined PP-12 Independent 4.7km
Canning College Secondary 10-12 Government 4.8km
Corpus Christi College Combined PP-12 Catholic 5.0km
Kent Street Senior High School Secondary 7-12 Government 5.3km
Melville Senior High School Secondary 7-12 Government 5.5km
Willetton Senior High School Secondary 7-12 Government 6.1km
SEDA College WA (Murdoch) Secondary Independent 6.2km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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