UNDER LONG TERM LEASE- WITH 60 DAY OWNER USAGE CLAUSE PROVIDING LANDLORDS THE OPPORTUNITY TO USE THEIR INVESTMENT FOR UP TO 2 MONTHS PER ANNUM.
3 BED, 2 BATH IN THE HEART OF SOUTH YARRA!
Brilliantly located in the heart of South Yarra, and located within walking distance to Chapel Street, Prahran Market, and the St Kilda Road business district this two bedroom apartment offers an array of Melbourne's most desired bars, eateries, shopping and events at your doorstep. With Tram and train only a short stroll away, your moments from the innner city of Melbourne and Just 3km from the sporting arenas, Aquatic Centre, the Melbourne Grand Prix Circuit and Rod Laver Arena.
Lease Details:
Rent as of July 2026: $742 per week - $38,627 pa
Return as of July: 7.03% gross and 6.20% net
Scheduled Increases as follows:
July 2027 + 3% = $39,785 - 7.24% gross
July 2028 + 3% = $40,978 - 7.46% gross
July 2029 - Market Review.
Lease Terms:
Lease to 30/07/2029 with 5 x 5 yr options
Net returns do not include future capital works or additional government taxes associated with property ownership.
60 DAYS OWNER USAGE.
With a very rare 60 day owner usage clause in the lease, this three-bedroom, two-bathroom double story investment positioned in the ever desired pocket of South Yarra wont last long.
An open-plan layout with a fully equipped kitchen, spacious lounge, and integrated dining area. Upstairs, the master bedroom includes a built-in robe and private ensuite, complemented by two additional bedrooms and a central bathroom, split system heating and cooling and private balcony.
With a secure and gated undercover car park on title, the investment provides investors full term tenancy with the added bonus of use for personal travel and stays.
A 3 bedroom inner Melbourne opportunity not to be missed!
Approximate Owner Outgoings:
Council Rates : $2130 per annum
Water Rates: $708 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1700 per annum
Please note these outgoings are subject to change by the relevant authorities.
Rents are NOT dependent on occupancy, there are no management or letting fees.
The hotel pay all the owners corporation levies and building insurance.
This information is provided for general purposes only and does not constitute legal, financial, or investment advice. Prospective purchasers should seek independent professional advice to determine suitability.
All information has been supplied by vendors or third parties. Outgoings are provided as at the date of sale but may change without notice or the agents knowledge. No warranty is given as to the accuracy or completeness of the information, and no liability is accepted.
Interested parties must conduct their own due diligence and rely on their own enquiries.
