102/100 Exhibition Street

Off Market

102/100 Exhibition Street

Melbourne VIC 3000

60 m²

Apartment

Nick Walters, last sold this property on 22 August 2022 after 269 days on market.

Overview

HUGE 6.9% RETURN...TWO BEDROOM + TWO CAR PARKS

Situated on Level One and with a preferred leafy Westerly aspect overlooking Exhibition St, this is a two bedroom serviced apartment measuring approximately 60 square meters. This apartment offers two generous bedrooms with built in robes, lounge, well equipped kitchen with electric hotplates, and loads of storage. In addition, there is a fully appointed bathroom with shower over bath, and laundry facilities. This apartment also offers TWO secure under cover car parks (Tandem) The property offers security entrance and is in a prime Melbourne location at the "Paris end" of the CBD with public transport, quality retail shops, restaurants and cafes also close at hand. The apartment is currently leased to the Mantra Group until March 2023, with three further five year option available thereafter. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION. IMPORTANT INFORMATION: RENT: $34,835 pa $668 per week (Approx) INCREASE: 4% annual increase between market reviews RETURN: 6.9% Gross LEASE: Until March 2023 OPTIONS: 3 x 5 year MANTRA PAYS: Owners Corp Fees $2,722 pa Council Rates $1,440 pa Water Rates $970 pa OWNER PAYS: Maintenance Fund: $2,250 pa Inspection is by private appointment. For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists. M: 0438 557 885 E: nick@kingsfordproperty.com.au Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent

Features

2 bedrooms

1 bathroom

2 carspaces

60 m² floor area

60 m² lot size

Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 102/100 Exhibition Street is $542.5k.

Median value

$542.5k

Estimated value range

$237k - $3m

Median days on market

Estimated value trend

-1%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 102/100 Exhibition Street

2022

Sold

Undisclosed

Private Sale/Treaty on 22 Aug 2022 by Nick Walters, of Kingsford Property

Happy sellers in Melbourne

83%

83% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 119 reviews in Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in Melbourne

In the last 12 months, 771 two-bedroom apartments similar to 102/100 Exhibition Street, have been sold.

This represents a 18% increase in two-bedroom apartments sales when compared to the previous 12 months.

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Melbourne for a free market appraisal.

Annamaria Stella

at Twig Real Estate

(402 reviews)

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Dionne Wilson

at Harcourts Melbourne City

4.9

(243 reviews)

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Philip Middlemiss

at Re-define Real Estate

(127 reviews)

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Lizzie Zhang

at Forge Real Estate

(14 reviews)

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Nearby agents

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Annamaria Stella

Annamaria Stella is an award winning recommended agent for Melbourne. They have 14 local sales and collected 32 local reviews across the last 12 months.

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Dionne Wilson

Sellers who recommend Dionne Wilson have praised them for being clear communication, local expert, honest, responsive, supportive, dedicated and friendly

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Philip Middlemiss

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