402/908 Canning Highway, Applecross WA 6153

1-bed unit in landmark complex | long lease until 2027 | 5.9% yield | prime Applecross address This unit presents a compelling, low-maintenance entry into the Applecross market, distinguished by its secure, long-term tenancy that guarantees immediate income stability until early 2027. Its position within a well-appointed complex offering amenities like a gymnasium, combined with a prime Canning Highway address, caters specifically to the investor seeking a hands-off asset with mitigated vacancy risk. The configuration, while compact, is efficiently appointed with modern conveniences, aligning perfectly with demand from single professionals or couples. The primary risk is illiquidity and limited capital growth potential inherent in a small, tenanted unit; the fixed lease locks in the current rental rate, potentially below future market shifts, and restricts owner-occupancy or renovation for several years. However, the calculated ~5.9% gross yield provides a defensible cash flow, making this a pragmatic hold for a portfolio seeking income diversification. Acquire this property strictly as a set-and-forget income stream, not for short-term trading or lifestyle use.