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1503/245 City Road
Southbank VIC 3006

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Elegant Urban Living at Palladium Tower Southbank!

Palladium Tower is a testament to cosmopolitan elegance, soaring majestically across 51 floors in the vibrant heart of Southbank. This architectural masterpiece stands as an embodiment of contemporary refinement and offers unparalleled access to the most sought-after destinations in Melbourne.
Elevated on the 15th floor, this two-bedroom, two-bathroom residence is the quintessential choice for discerning occupants and savvy investors. It presents the promise of substantial rental returns and the potential for lucrative Airbnb utilization. With an internal space of approximately 69.4m� and an additional 4.4m� balcony, this dwelling offers an expansive total area of around 73.8m�.
Within this sophisticated haven, an array of notable features elevates the living experience:
- A spacious floor plan adorned with luxury finishes and a modern colour scheme.
- Quality hardwood flooring gracing the living area, creating a warm and inviting ambiance.
- Plush carpets that enhance the comfort of both bedrooms, providing a cozy retreat.
- A well-appointed kitchen, complete with premium brand appliances, including a dishwasher, gas stove with multiple burners, a branded oven, and a built-in microwave.
- The convenience of split-system air conditioning/heating in the lounge room, ensuring year-round comfort in Melbourne's varying climate.
Enjoy an abundance of indoor and outdoor communal spaces, including lounges, entertainment areas and function room. For those with well-being and fitness in mind, the tower offers a remarkable, fully-equipped gymnasium. It provides panoramic views of Port Philip Bay and is complemented by a swimming pool, a sauna, and a spa, offering serene escapes for relaxation and rejuvenation.
Unrivaled Location: The strategic positioning of this apartment makes it a highly sought-after choice. You'll find yourself just moments away from iconic South Melbourne Market, the lush Botanic Gardens, the vibrant DFO South Wharf, the captivating Crown Entertainment Complex, and Melbourne's bustling CBD. The convenience is further heightened by the presence of a boutique Woolworths store located within the building, ensuring easy access to your grocery and everyday needs.
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Property Details for 1503/245 City Rd, Southbank

1503/245 City Rd, Southbank is a 2 bedroom, 2 bathroom Apartment. The place is currently for sale with LJ Hooker Rowville.

Building Type
Apartment

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About Southbank 3006

The size of Southbank is approximately 1.6 square kilometres. It has 7 parks covering nearly 1.5% of total area. The population of Southbank in 2011 was 11,235 people. By 2016 the population was 18,706 showing a population growth of 66.5% in the area during that time. The predominant age group in Southbank is 20-29 years. Households in Southbank are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southbank work in a professional occupation. In 2011, 39.7% of the homes in Southbank were owner-occupied compared with 33.8% in 2016.

Southbank has 28,051 properties. Over the last 5 years, Houses in Southbank have seen a 81.50% increase in median value, while Units have seen a 6.86% increase. As at 31 August 2024:

  • The median value for Houses in Southbank is $993,145 while the median value for Units is $602,583.
  • Houses have a median rent of $656 while Units have a median rent of $650.
There are currently 168 properties listed for sale, and 224 properties listed for rent in Southbank on OnTheHouse. According to CoreLogic's data, 1278 properties were sold in the past 12 months in Southbank.

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Kobe Li
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LJ Hooker Rowville
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