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708/7 Yarra Street

South Yarra VIC 3141

1
1
Apartment
Currently for sale - view listing

Overview

Secure South Yarra Investment | Approx. 8.1% return | Long-Term Lease

An outstanding opportunity for investors seeking secure, low-maintenance income in one of Melbourne’s most sought-after inner-city locations. Positioned in the heart of South Yarra, this recently refurbished property is securely leased to Punthill Yarra, providing consistent rental income backed by an established hotel accommodation operator. Investment Highlights: Price guide: $300,000–$330,000 Current rent: $2,037.06 per month Annual rental income: approximately $24,444.72 Gross rental yield: approximately 7.4%–8.1% Net annual income after owner-paid outgoings: approximately $21,464.03 Net rental yield: approximately 6.5%–7.2% Secure five-year lease Lease commenced: 5 August 2024 Lease expires: 4 August 2029 Established hotel accommodation operator No need to source or manage a residential tenant Outgoings Paid by the Owner: Council rates: $1,149.64 per annum Water rates: $704.00 per annum Owners Corporation Maintenance Fund: $1,127.05 per annum Outgoings Paid by the Tenant: Owners Corporation Administration Fund General property maintenance Building insurance This means the owner is not responsible for the Owners Corporation Administration Fund, general maintenance or building insurance under the current lease. The tenancy ledger confirms the current rent of $2,037.06 per month, effective from 5 August 2026. Offering an attractive return, clearly defined owner outgoings and a secure lease, this property is an ideal set-and-forget investment for buyers focused on reliable cash flow and long-term income security. Conveniently located close to Chapel Street, Toorak Road, South Yarra Station and the Yarra River. Private Inspections Only For further information or to arrange a private inspection, please contact Jensen Woo on 0434 262 188.

Features

1 bedroom
1 bathroom
Apartment

Property history for 708/7 Yarra Street

2021
Sold
$309,000
20 Apr 2021 by Jonathan Hayden, of Hayden Melbourne

Happy sellers in South Yarra

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

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

This is based on voluntary sentiment collected from 48 reviews in South Yarra over the last 12 months.

Local market activity for 1 bedroom apartments in South Yarra

In the last 12 months, 279 one-bedroom apartments similar to 708/7 Yarra Street, have been sold.

This represents a 6% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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