402/287 Military RoadCremorne NSW 2090
Property Details for 402/287 Military Rd, Cremorne
402/287 Military Rd, Cremorne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 2097m2 and floor size of 25m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 1 bedroom Unit sold in Cremorne in the last 12 months.
Last Listing description (February 2026)
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
Existing lease in place until May 2026. Can be terminated on sale if required or Park Regis have expressed an interest to sign an additional 3 years term
Option therefore to switch to residential or short-term leasing post-contract or have vacant possession on sale.
Central Cremorne location - right at the B-Line bus stop for rapid CBD access
Surrounded by cafes, restaurants, shops, and the Orpheum Cinema
Lift access, on-site management, and well-maintained complex
Whether you're looking to expand your portfolio or secure a reliable income stream in a premium location, this property ticks all the boxes.
Strata: $1373 / qtr
Rates: $326 / qtr
Water: $172 / qtr
Contact us for further details
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Property History for 402/287 Military Rd, Cremorne, NSW 2090
- 16 Dec 2025Sold for $470,000
- 19 Sep 2025Listed for Sale $465,000
- 18 Mar 2015Sold for $320,000
Recent sales nearby
See more recent sales nearby/assets/perm/cltcddh3cui63h27vufcttf7ty?signature=044fee28bee1a12e41dd5d39c2ff06f53c9459014ce47e0579e10e10716d1470){kind=logo}
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0About Cremorne 2090
The size of Cremorne is approximately 1.6 square kilometres. There are 15 parks, covering nearly 11.8% of the 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 6,828 properties. Over the last 5 years, Houses in Cremorne have seen a -9.79% decrease in median value, while Units have seen a 3.52% increase. As at 31 July 2026:
- The median value for Houses in Cremorne is $3,716,894 while the median value for Units is $1,322,975.
- Houses have a median rent of $1,500 while Units have a median rent of $870.
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