FOR SALE
$249,500

213/48 Wellington Parade
East Melbourne VIC 3002

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Classy, Headache free Investment... In Prime Location

Studio Apartment, High Yield, Commercial Lease, Set and Forget Property Investment
213-48 WELLINGTON PARADE, EAST MELBOURNE
Set in the prestigious area of East Melbourne, this classy apartment is part of 'The Makin' an art deco hotel. The Makin's boutique exterior exudes unique character while being a rich part of Victorian heritage. Inside, The Makin is modern and stylish with many of Jeff Makin's artworks on display. Amenities include a roof top terrace, free internet access, laundry, dry cleaning service and concierge services.
Investors will benefit from a secured long term commercial lease with Quest Serviced Apartments, boasting high yields.
Guests are able to relax in style and comfort in this twin studio apartment with it's modern kitchenette comprising refrigerator, stovetop, microwave and cookware/dishwasher, private bathroom, iron/ironing board, dining area, sitting area, desk, phone, LED television, cable channels, queen size beds, air-conditioning plus much more
Conveniently located within walking distance of the Melbourne Cricket Ground (MCG), Rod Laver Arena, National Sports Museum, Fitzroy Gardens, St Vincent's Hospital and public transport, this apartment will always be in high demand. The rooftop terrace
💼 Contact Information:
For inquiries and to arrange a viewing, please contact Abdul at 0492 958 418
Seize this rare opportunity to own a piece of Melbourne's cosmopolitan living! Act fast, as this property is priced for an urgent sale and won't be on the market for long.
Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist Disclaimer: All dimensions, sizes & layout are approximate and for illustrative purposes only. The producer or agent cannot be held responsible for any errors, omissions or misstatements.

Property Details for 213/48 Wellington Pde, East Melbourne

213/48 Wellington Pde, East Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Oxbridge Property Group.

Building Type
Apartment

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About East Melbourne 3002

The size of East Melbourne is approximately 1.9 square kilometres. It has 10 parks covering nearly 46% of total area. The population of East Melbourne in 2011 was 4,714 people. By 2016 the population was 4,987 showing a population growth of 5.8% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation. In 2011, 42.8% of the homes in East Melbourne were owner-occupied compared with 43.6% in 2016.

East Melbourne has 5,755 properties. Over the last 5 years, Houses in East Melbourne have seen a -18.72% decrease in median value, while Units have seen a 8.82% increase. As at 30 November 2024:

  • The median value for Houses in East Melbourne is $3,150,238 while the median value for Units is $802,764.
  • Houses have a median rent of $1,100 while Units have a median rent of $625.
There are currently 37 properties listed for sale, and 28 properties listed for rent in East melbourne on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in East melbourne.

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Abdul Chaarani
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Rohit Sachdeva
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Oxbridge Property Group
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