3709/500 Elizabeth St

Melbourne VIC 3000

Apartment

Currently for sale - view listing

Overview

A High-Performing CBD Apartment Opportunity - over 9% gross yield

Unit 3709 is a thoughtfully crafted one-bedroom, one-bathroom apartment designed with a clean, minimalistic aesthetic that intelligently maximises every key space. The well-considered layout creates a sense of openness and functionality, making it an ideal choice for owner-occupiers seeking low-maintenance city living or savvy investors looking for a high-demand rental asset. An open-plan living and dining area flows seamlessly into the kitchen, while large windows invite natural light and enhance the apartment's airy, contemporary feel. The kitchen is both practical and stylish, offering streamlined finishes, quality appliances, and efficient storage solutions that support everyday living without compromising on design. The bedroom is comfortably proportioned and positioned for privacy, complemented by a modern bathroom with sleek fittings. Every element of the apartment has been carefully planned to deliver comfort, efficiency, and ease of living. Investors will appreciate the strong rental return of $550 per week and low outgoings of approximately $1,180 per quarter (Owners Corporation: $843 | Council Rates: $216 | Water: $185), delivering an attractive yield in Melbourne's consistently high-demand rental market. Positioned in a prime inner-city location surrounded by cafes, restaurants, shopping, public transport, and key lifestyle amenities, Unit 3709 offers the perfect balance of liveability and investment performance. Whether you are entering the market, downsizing, or expanding your portfolio, this smartly designed apartment delivers both immediate returns and enduring appeal.