77 Cardigan Street

Carlton VIC 3053

Apartment

Currently for sale - view listing

Overview

7 Leased Apartments, Circa 6% Net Return

Expressions of Interest Developers’ Realisation Sale Prime Inner-City Investment – 7 fully leased apartments can be sold as a whole or individually An exceptional opportunity exists to acquire a substantial blue-chip asset in one of Melbourne’s most tightly held and consistently high-performing inner-city precincts. Perfectly positioned just minutes from the CBD, the property enjoys immediate access to major transport links, parklands and lifestyle amenities. It is within close proximity to The University of Melbourne, making it particularly attractive to the strong and enduring student and academic rental market, while also being moments from the vibrant dining and café culture of Lygon Street — a destination long celebrated for its restaurants, bars and cosmopolitan atmosphere. The offering comprises a well-maintained block of seven quality apartments, including three spacious two-bedroom residences and four well-appointed one-bedroom apartments. Each dwelling is thoughtfully designed for comfortable living, appealing to a broad tenant demographic of students, young professionals and city-based renters seeking convenience and lifestyle. Importantly, the entire block is fully leased, providing an immediate and secure combined rental return of approximately $144,383 NET! per annum. This strong holding income presents an attractive yield profile, underpinned by the area’s historically low vacancy rates and ongoing rental demand. Beyond the current income stream, the property offers long-term strategic advantages. With land scarcity in established inner-city locations and continued population growth around major education and employment hubs, this investment is well positioned to benefit from sustained capital growth over time. Opportunities to secure an entire block in such a premium location are increasingly rare. Whether you are looking to strengthen your portfolio with a proven income-producing asset or secure a strategic landholding in a blue-chip setting, this is an acquisition that delivers on scale, security and future upside. Secure a high-performing investment in a premier inner-city location. Invest with confidence. Enjoy the income.