510/10 Bellerine Street, Geelong VIC

  • Contact Agent
510/10 Bellerine Street, Geelong VIC
  • Residential
  • Property Type
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage

510/10 Bellerine Street, Geelong VIC

510/10 Bellerine Street, Geelong VIC
  • Contact Agent

Description

High-Yield Dual Apartment | Secure Long-Term Income | Prime Geelong CBD

This is the type of asset seasoned investors wait for – not because it’s flashy, but because it works.

Located in the tightly held Oaks R Suites, Apartment 510 delivers real income, proven performance and genuine resilience, all wrapped up in a single-title, dual-income configuration under a long-term hotel management lease.

> Professional management
> Strong historical returns
> Hands-off ownership
> Blue-chip CBD location

THE ASSET – TWO INCOMES. ONE TITLE.
Apartment 510 has been intelligently configured to maximize yield and flexibility:

510A – One-Bedroom Apartment
• Open-plan kitchen, meals & living
• Private balcony with bay glimpses
• Separate bedroom & bathroom

510B – Self-Contained Studio
• Motel-style open bedroom/living
• Separate bathroom
• Bar fridge, tea & coffee facilities
• Private balcony with similar outlook

Both apartments are fully furnished, accessed securely via a shared hallway with European laundry, and can be leased independently or together, allowing Oaks to optimise occupancy and income.

THE NUMBERS – WHAT INVESTORS CARE ABOUT
This property doesn’t rely on brochures or projections – it has real history and solid forecasting.

Approx. $107,116 NET
(Combined net return from 1 July 2023 – 30 June 2025)

> Forecast Net Income (FY 2025-26): ~$62,673 p.a.
> Strong inferred yield based on current pricing
> Income backed by professional hotel operator (Oaks Hotel Group)

This is true passive income – no tenant management, no vacancy stress, no weekend maintenance calls.

WHY THIS WORKS
• Dual apartments = greater income stability
• Single title = clean ownership structure
• Long-term management agreement = consistent cash flow
• Fully furnished = no setup costs
• Ideal for SMSFs and income-focused portfolios

Apartments of this type in Oaks R Suites are rarely offered – because when investors secure them, they tend to hold.

LOCATION THAT UNDERPINS THE RETURN
Heart of Geelong CBD

• Walk to Eastern Beach & Waterfront
• Deakin University Waterfront Campus nearby
• Close to Geelong Hospital & Health Precinct
• Easy access to Geelong Station & Melbourne Road

With Geelong’s continued expansion across health, education, infrastructure and tourism, demand for quality short-stay accommodation remains exceptionally strong.

THE BOTTOM LINE
If you’re looking for speculation, this isn’t it.
If you’re looking for: • Income first • Risk managed • Hands-off • Backed by real performance

Then Apartment 510 at Oaks R Suites deserves your attention.

Contact Anthony Stevens on 0459 924 164 or Julie Ryan on 0438 060 382 for more information and to arrange a private inspection.

  • Address 510/10 Bellerine Street, Geelong VIC

Details

Updated on April 2, 2026 at 10:34 am
  • Price: Contact Agent
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage: 1
  • Property Type: Residential

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