1217/238 Flinders Street

Melbourne VIC 3000

Apartment

Currently for sale - view listing

Overview

Impressive rental return of 10% approximately.

Prime Melbourne CBD Location Currently returning $495 per week, this property delivers an attractive approximate gross rental yield of 10%, making it an exceptional addition to any investment portfolio. Perfectly positioned in the heart of Melbourne's CBD, this well-appointed apartment combines strong rental demand with unbeatable lifestyle convenience. Offering a functional layout with generous natural light, the residence includes a spacious living and sleeping area, dedicated study space, built-in storage, and a practical kitchen and bathroom designed for low-maintenance living. Residents enjoy access to premium communal facilities including a laundry, multifunction room, study zone, bike storage, secure entry, and professional reception services-enhancing tenant appeal and long-term occupancy stability. Key Investment Features: • Strong approx. 10% gross rental yield • Current rental income: $495 per week • High-demand CBD location ensuring consistent tenant interest • Gas and water included in tenancy (added value for tenants) • Fully furnished inclusions (fridge/freezer, study desk, storage) • Excellent natural light with CBD outlook • Heating and functional, low-maintenance design Positioned within walking distance to Melbourne's major lifestyle and employment hubs, including Federation Square, Flinders Street Station, Southbank Promenade, Arts Precinct, and leading dining and entertainment venues, this property offers exceptional tenant appeal and strong long-term capital growth potential. A rare opportunity to secure a high-yield, centrally located asset in one of Australia's most resilient rental markets. *Every precaution has been taken to verify the accuracy of the above details. However, prospective purchasers are advised to make their own enquiries.