FOR SALE
$160,000 - $165,000

521/572 St Kilda Road
Melbourne VIC 3004

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Set and forget investment

For investors only.
Securely leased to the renowned hotel operator, Seasons Heritage Melbourne, this well-maintained apartment is currently on a 5 years lease with 2 further options of 5 years each.
The lease agreement also allows the landlord to enjoy free accommodation for up to 21 days a year, at the hotel.
Well located along the commercial hub of St Kilda Rd, the apartment features spacious open plan living, quality fitting and fixtures, modern bathroom, heating and cooling.
Public transport is at the door, providing exceptional access to the city and St Kilda Beach, Wesley College, the Formula One Grand Prix track, Albert Park Lake/golf course and the Chapel Street entertainment precinct.
If you are a savvy investor looking for consistent return well above the long-term cash rate, this strategically located apartment will prove a valuable asset
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Property Details for 521/572 St Kilda Rd, Melbourne

521/572 St Kilda Rd, Melbourne is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Pagan Real Estate.

Building Type
Apartment

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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 13,569 properties.

    There are currently 97 properties listed for sale, and 73 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 608 properties were sold in the past 12 months in Melbourne.

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