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2104/38 Albert Road

South Melbourne VIC 3205

2
2
1
Apartment
Currently for sale - view listing

Overview

Secure Investment Opportunity - Elevated South Melbourne Living with Stunning Views, Parking & Storage

Positioned high on the 21st floor in one of South Melbourne's most sought-after locations, this stylish residence presents an excellent opportunity for investors seeking a well-located property with the security of an established tenancy. Currently leased for 12 months, the property offers investors the benefit of immediate rental income from settlement, removing the need to source a tenant and providing greater certainty from day one. Featuring an elevated outlook, light-filled interiors and a thoughtfully designed floorplan, the apartment combines contemporary comfort with an exceptional inner-city location. The spacious open-plan living and dining area flows seamlessly onto a private balcony, creating an inviting space with impressive views. The well-appointed kitchen features quality appliances, ample storage and sleek modern finishes. Accommodation has been designed with comfort and functionality in mind, complemented by a modern bathroom, European laundry and split-system heating and cooling. Adding further value, the property includes one secure basement car space and a separate storage cage - highly desirable features for both tenants and investors in this premium inner-city location. Perfectly positioned moments from Albert Park Lake, the Royal Botanic Gardens, South Melbourne Market, Clarendon Street cafes and restaurants, Crown Entertainment Complex, the CBD and multiple tram routes, the property benefits from everything that makes South Melbourne such a consistently desirable place to live. Premium Features Secure 12-month lease already in place Immediate rental income for the incoming investor Elevated 21st-floor position with impressive views Light-filled open-plan living and dining Contemporary kitchen with quality appliances Spacious bedroom(s) with built-in robes* Stylish modern bathroom Private balcony Split-system heating and cooling European laundry Secure basement car space Separate storage cage Outstanding South Melbourne location close to the CBD, transport, Albert Park Lake and South Melbourne Market With a tenant already secured and a lease in place for the next 12 months, this is an appealing opportunity for investors looking to secure a quality South Melbourne property with income from day one. To arrange a time to inspect this property, click Book an Inspection Time or Email Agent to access our online booking system. By registering, you will be INSTANTLY informed of any updates, changes, or cancellations for your appointment. Whilst we endeavour to represent this property information to the best of our knowledge and have no reason to doubt any inaccuracy, this information has been provided to us by the property owner and we therefore accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in any information. We encourage buyers to make their own enquiries and refer you to the due diligence checklist provided by Consumer Affairs for further information: http://www.consumer.vic.gov.au/duediligencechecklist

Features

2 bedrooms
2 bathrooms
1 carspace
1 open car space
Apartment

Property history for 2104/38 Albert Road

2026
Rented
Undisclosed
Leased on 05 Oct 2026 by MRE
2024
Rented
Undisclosed
Leased on 11 Sep 2024 by MRE
2023
Rented
Undisclosed
Leased on 16 Aug 2023 by MRE

Happy sellers in South Melbourne

63%
63% of sellers in South Melbourne reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 20 reviews in South Melbourne over the last 12 months.

Local market activity for 2 bedroom apartments in South Melbourne

In the last 12 months, 98 two-bedroom apartments similar to 2104/38 Albert Road, have been sold.

This represents a 21% increase in two-bedroom apartments sales when compared to the previous 12 months.

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