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103/14 Kavanagh Street

Southbank VIC 3006

1
1
Apartment
Currently for sale - view listing

Overview

Investment Opportunity – Secure Lease with Quest Hotels

This property is under a long-term lease with Quest Apartment Hotels, offering fixed rental income that is not dependent on occupancy levels. There are no management or letting fees, and the hotel covers building insurance and all owner corporation administrative levies. Current Rent: $355 per week ($18,536 per annum) Current Yield: Gross 6.74% Lease Details: Lease in place until 30/09/2027 Rent reviews: 3% annual increases Next market rent review due September 2027 Scheduled rent increase: October 2026 +3% Property Features: 1 bedroom, 1 bathroom, balcony Approximate Owner Outgoings: Owners Corporation: $1,120 per annum Council Rates: $1,200 per annum Water Rates: $1,360 per annum (paid by hotel) Welcome to one of Melbourne's most renowned residential towers, superbly located opposite Flinders Street Station, the Arts Centre, and the Royal Botanic Gardens. Enjoy outstanding connectivity with city trams, trains, and buses at your doorstep, and close proximity to QV, Melbourne Central, Crown Melbourne, as well as leading education institutions including RMIT and the University of Melbourne. Fully equipped gym and sauna, guest laundry facilities, 24-hour reception, business centre, onsite café, high-speed internet, and secure car parking are all available for residents' convenience. Please contact us for more details or to arrange a private inspection.

Features

1 bedroom
1 bathroom
Apartment

Happy sellers in Southbank

84%
84% of sellers in Southbank reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 93 reviews in Southbank over the last 12 months.

Local market activity for 1 bedroom apartments in Southbank

In the last 12 months, 233 one-bedroom apartments similar to 103/14 Kavanagh Street, have been sold.

This represents a 7% increase in one-bedroom apartments sales when compared to the previous 12 months.

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