105/40 Playfield Street, Chermside.

Positioned within the highly sought-after Quest Hotel Apartments in the heart of Chermside, this exceptional 2-bedroom, 2-bathroom, 1-car residence presents a rare opportunity for investors seeking secure, hands-off income with strong long-term upside. Leased to a reputable commercial operator, this property delivers a strong return of approximately $42,000 per annum, underpinned by a long-term lease secured until 2030, plus two additional 5-year options-offering income security well into the future. With 4% annual rental increases between market reviews and the next review scheduled for November 2030, the investment is structured for consistent growth. Designed for effortless ownership, the tenant covers all outgoings (excluding fixed water rates), making this a true set-and-forget asset. Property Features: • 2 spacious bedrooms, 2 bathrooms, 1 secure car space • Unique dual-living capability with a second kitchenette servicing the second bedroom • Private balcony enhancing guest appeal and liveability • Wheelchair accessible design, enhancing usability and tenant appeal • Fully furnished and maintained to hotel standards • Functional, low-maintenance layout ideal for long-term leasing Building Highlights: • Onsite professional management • Gym facilities & meeting rooms • Serviced apartment complex with strong occupancy demand • Secure, well-maintained building with proven investor performance Prime Location: • Walking distance to Westfield Chermside • Moments to Kedron Wavell Services Club • Approx. 12km to Brisbane CBD • Approx. 10–15 minutes to Brisbane Airport Set within a high-demand accommodation hub, this property offers a rare combination of strong yield, long-term security, and unique layout versatility, making it an outstanding addition to any investment portfolio. Be sure to register your interest quick as this one will not last!