Positioned high on the 12th floor of the boutique ELLA Apartments, this well-appointed residence presents an outstanding opportunity for investors seeking a quality asset in one of Melbourne's most consistently sought-after rental markets.
Located in the heart of South Yarra, the apartment enjoys exceptional connectivity to South Yarra Station, Chapel Street, Toorak Road, the Yarra River and the CBD. This blue-chip location continues to attract strong demand from professionals, corporate tenants and long-term renters, providing confidence for investors looking to secure a property with enduring rental appeal.
The intelligently designed floorplan features a light-filled open-plan living and dining area that extends to a generous balcony with elevated views, while the contemporary kitchen is equipped with stone benchtops, gas cooking, an integrated dishwasher and quality finishes selected for everyday practicality and low-maintenance ownership.
Two genuine queen-sized bedrooms with built-in robes, including a main bedroom with private ensuite, are complemented by a second bathroom, European laundry and excellent internal storage. The versatile layout appeals to a broad tenant demographic, from professional couples to quality sharers, helping maximise leasing potential.
Further enhancing the investment credentials are secure basement parking (Level B2, Space 1208), a private storage cage, communal bike facilities, video intercom entry and lift access-features that continue to be highly valued by inner-city tenants.
With an estimated rental return of $730–$775 per week, annual Owners Corporation fees of approximately $4,747.96, Council rates of $949.45 and Water rates of $666.40, the property offers an attractive balance of rental income and manageable holding costs. Offering approximately 62sqm internally, this is a turnkey investment in one of Melbourne's strongest and most resilient apartment precincts.
