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904/263 Franklin St

Melbourne VIC 3000

1
1
42 m²
Apartment
Currently for sale - view listing

Overview

Turn-Key Cash Flow: Fully Furnished CBD Apartment Targeted for 8% Yield Opportunity

• Perfectly positioned to target an impressive 8% rental yield opportunity for investors. • Fully furnished and equipped-ready for immediate occupancy by high-quality tenants. • Premium height ensures better natural light, attracting long-term, stable tenants. • Durable, high-spec finishes including quality appliances and stone surfaces for reduced wear and tear. • Steps from the Free Tram Zone and three major train stations, maximizing appeal for urban professionals. • Unbeatable walkability to RMIT, Melbourne University, and major employment hubs. • Located in the heart of Melbourne's "Education and Innovation" district, ensuring constant demand. Secure your position in the heart of Melbourne's thriving property market with this high-performing, fully furnished one-bedroom residence. Positioned on the ninth floor of the premier "Grand 8" complex, this apartment is specifically tailored for the astute investor seeking a robust addition to their portfolio. With its proximity to major universities, the legal precinct, and world-class transport, this property offers the perfect combination of high tenant demand and low vacancy risk, expertly positioned to deliver a projected rental yield of close to 8%. In the current Melbourne market, this apartment stands out as a highly efficient investment vehicle. The floorplan is meticulously optimized for urban living, featuring a sleek, stone-topped Smeg kitchen equipped with an integrated oven, dishwasher, and gas cooktop The versatile living area, with its split-system climate control and seamless balcony access, provides the flexibility that modern renters crave. The bathroom, finished with floor-to-ceiling tiling and a stone-topped vanity, offers an elevated aesthetic that stands out in the crowded rental market. By providing a high-spec, modern living environment, you are not just securing a tenant; you are securing a reliable, long-term revenue stream in a high-growth location. Beyond the apartment's internal quality, the location is a significant driver of long-term capital growth and consistent rental interest. With the Queen Victoria Market, Flagstaff Gardens, and the absolute epicenter of Melbourne's rail network at your doorstep, this is an address that will never fall out of favor. Whether targeting the international student market or corporate professionals, the convenience on offer here is second to none. This is an exceptional opportunity to acquire a managed, income-generating asset in one of the world's most livable cities.

Features

1 bedroom
1 bathroom
42 m² floor area
Apartment

Property history for 904/263 Franklin St

2017
Sold
Undisclosed
10 Sep 2017

Happy sellers in Melbourne

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

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

This is based on voluntary sentiment collected from 134 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 587 one-bedroom apartments similar to 904/263 Franklin St, have been sold.

This represents a 13% increase in one-bedroom apartments sales when compared to the previous 12 months.

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