303/10 Forbes Road
Applecross, WA 6153

This exceptional two-bedroom, one-bathroom apartment is located within the prestigious Forbes Residences, a highly sought-after address in Applecross. Positioned on the third floor corner, the apartment enjoys dual aspect views that fill the space with natural light, creating a bright and inviting atmosphere.

Designed with investors in mind, this property offers a secure and low-maintenance income stream with significant long-term growth potential. The income is fixed under the initial lease agreement and is indexed annually in line with the Consumer Price Index (CPI), ensuring reliable returns irrespective of occupancy levels.

One of the key benefits of this investment is that all cleaning, maintenance of furnishings, and ongoing refurbishment costs for furniture, fittings, and equipment (FF&E) are fully covered by the lessee. This arrangement provides a truly hands-off investment experience for the owner.

Additionally, there are no management fees deducted from the lease income, allowing investors to receive the full benefit of the agreed returns. The apartment is sold fully furnished, including a comprehensive inventory of furniture, appliances, and equipment, all included in the purchase price.

Situated within a premium development in the blue-chip suburb of Applecross, the property benefits from strong demand for corporate and executive accommodation. This supports compelling long-term capital growth prospects for investors.

Investment highlights include:

• Guaranteed rental income with annual CPI increases
• Long-term lease available through to 2030, with 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 car bay and a 4 square meter storeroom

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

Additional information includes water rates of $1,463.16 for 2024/25 and City of Melville council rates of $1,718.34 for 2025/26. The property is zoned R-AC0 and falls within the catchment areas of Applecross Primary School and Applecross Senior High School.

Please note that any floor or building area figures stated 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. All information is provided for general information purposes and is based on data supplied by third parties, including the seller and relevant local authorities. It may be subject to change, and no warranty or representation is made as to its accuracy. Interested parties should undertake their own independent enquiries.