402/287 Military Road, Cremorne, NSW 2090 | Apartment for sale | OnTheHouse
 
FOR SALE
$465,000

402/287 Military Road
Cremorne NSW 2090

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Effortless Investment with Strong Returns in Prime Cremorne Location

The Phone Code for this property is: 51109. Please quote this number when phoning or texting.
Studio / Secure Parking / Storage Cage
Positioned in the heart of Cremorne, this smart studio apartment offers a rare opportunity to secure a high-performing, low-maintenance investment in a tightly held location. Situated within the well-regarded Park Regis complex, this property has been consistently leased through the hotel pool for over 10 years, delivering reliable income and peace of mind.
Currently leased with Park Regis Apartments until May 2026, this is the ultimate "set and forget" investment.
With a gross yield of 5.2%, it's ideal for investors seeking strong returns without the hassle of day-to-day management or agent fees.
Alternatively, the property offers flexibility to transition to residential leasing or use it as a corporate let or city bolt-hole - perfect for professionals needing a convenient base close to the CBD. The building is c70% Serviced apartments (Park Regis) and 30% residential and gives you the flexibility to do both which is unusual.
Property Highlights:
• Secure car space (right next to lifts) and storage cage included
• Currently fully managed in the Park Regis Hotel pool - consistent returns with minimal involvement
• Gross yield of 5.2% - strong performance in a blue-chip suburb
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Property Details for 402/287 Military Rd, Cremorne

402/287 Military Rd, Cremorne is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with For Sale By Owner Australia Pty. Ltd..

Building Type
Apartment
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About Cremorne 2090

The size of Cremorne is approximately 1.6 square kilometres. It has 15 parks covering nearly 11.8% of total area. The population of Cremorne in 2016 was 11227 people. By 2021 the population was 11263 showing a population growth of 0.3% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation.In 2021, 53.20% of the homes in Cremorne were owner-occupied compared with 53.60% in 2016.

Cremorne has 6,793 properties. Over the last 5 years, Houses in Cremorne have seen a 21.93% increase in median value, while Units have seen a 28.05% increase. As at 30 November 2025:

  • The median value for Houses in Cremorne is $4,012,148 while the median value for Units is $1,424,792.
  • Houses have a median rent of $885 while Units have a median rent of $850.
There are currently 6 properties listed for sale, and 20 properties listed for rent in Cremorne on OnTheHouse. According to Cotality's data, 324 properties were sold in the past 12 months in Cremorne.

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