16 The Esplanade SGeelong VIC 3220
Property Details for 16 The Esplanade S, Geelong
16 The Esplanade S, Geelong is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 1405m2.
Last Listing description (June 2026)
Positioned on the iconic Geelong Waterfront, Apartment 204 at 16 The Esplanade South presents a rare opportunity to secure a hassle-free investment within the tightly held Quest Geelong complex. With the CBD, Eastern Beach, cafs, restaurants and transport all within walking distance, this blue-chip location continues to drive strong, consistent demand.
Leased to Quest under a secure long-term agreement, this is a true set and forget investment. With a flat fee net return paid regardless of occupancy, investors can enjoy reliable income and peace of mind, supported by annual rental increases built into the lease.
Investment Snapshot
1. Approx. $23,958 net annual return
2. 4% annual rent increases
3. Lease secured until 2030 + further options
4. Income paid regardless of occupancy
Property Features
1. $35,000 refurbishment recently completed
2. Modern, updated interior throughout
3. Stone benchtops & quality finishes
4. 56.53m internal living plus balcony
Outgoings
1. Owners Corporation: $2,965.42 p.a.
2. Council Rates: ~$1,741 p.a.
Offering guaranteed income, a premium waterfront position and a professionally managed lease, this is an outstanding opportunity for investors seeking simplicity, stability and long-term growth in the heart of Geelong.
Property History for 16 The Esplanade S, Geelong, VIC 3220
- 07 Apr 2026Listed for Sale $479,000-$519,000
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0About Geelong 3220
The size of Geelong is approximately 3.3 square kilometres. There are 17 parks, covering nearly 8.9% of the total area. The population of Geelong in 2016 was 5210 people. By 2021 the population was 5811 showing a population growth of 11.5% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation.In 2021, 53.60% of the homes in Geelong were owner-occupied compared with 54.00% in 2016.
Geelong has 6,463 properties. Over the last 5 years, Houses in Geelong have seen a 5.93% increase in median value, while Units have seen a -2.77% decrease. As at 30 April 2026:
- The median value for Houses in Geelong is $893,436 while the median value for Units is $618,874.
- Houses have a median rent of $585 while Units have a median rent of $520.
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