RateMyAgentGo to search
Back 708/7 Yarra Street
Active

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 investors with consistent rental income backed by an established hotel accommodation operator. Investment Highlights: Price Guide: $300,000–$330,000 Current rental income: approximately $24,445 per annum Attractive rental yield of approximately 8.1% Secure 5-year lease Lease commenced 5 August 2024 Lease expiry 4 August 2029 Established hotel accommodation operator Consistent rental payment history No need to source or manage a residential tenant Prime South Yarra location close to Chapel Street, Toorak Road, South Yarra Station and the Yarra River The tenancy ledger confirms the current monthly rent of $2,037.06, effective from 5 August 2026. Offering an attractive rental return, secure lease and highly sought-after South Yarra location, this is an ideal set-and-forget investment for buyers focused on reliable cash flow and long-term income security. Private Inspection Only For further information or to arrange a private inspection, please contact: Jensen Woo 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

85%
85% 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 47 reviews in South Yarra over the last 12 months.

Local market activity for 1 bedroom apartments in South Yarra

In the last 12 months, 271 one-bedroom apartments similar to 708/7 Yarra Street, have been sold.

This represents a 4% increase in one-bedroom apartments sales when compared to the previous 12 months.

RateMyAgent
Quick Links
© 2026 RateMyAgent
Privacy PolicyTerms & ConditionsSitemap