604/133-143 Jolimont RoadEast Melbourne VIC 3002
Property Details for 604/133-143 Jolimont Rd, East Melbourne
604/133-143 Jolimont Rd, East Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1998. The property has a land size of 2076m2. While the property is not currently for sale or for rent, it was last sold in February 2020.
Last Listing description (March 2020)
Situated in the heart of Melbourne's sporting precinct, this studio apartment represents a quality investment asset for the astute investor.
Located on level six and offering a southerly aspect and 25sqm in total, the apartment is part of Mantra on Jolimont serviced apartment hotel.
The apartment is fully climate controlled and boasts a large well appointed queen sized bedroom and lounge area with good storage space and kitchenette. There is also a bright tiled bathroom in excellent condition.
Extra features include the building facilities: spa, heated pool, well equipped gymnasium and restaurant and secure lease to Mantra Group.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Rent: $13,202 pa or a share of the room revenue per lease year - whichever is greater ($254 per week approx.)
Return: 8.2% gross
Lease: Until August 2019 The 2024 option has been taken up by Mantra
Options: 4 x 5 years
Outgoings:
Owner pays: Owners Corporation fees, FF&E contribution, council rates and water rates
For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
E: nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent
Property History for 604/133-143 Jolimont Rd, East Melbourne, VIC 3002
- 07 Feb 2020Sold for $149,000
- 20 Aug 2019Listed for Sale $161,000
- 19 Dec 2017Sold for $155,000
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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 5,748 properties. Over the last 5 years, Houses in East Melbourne have seen a -8.26% decrease in median value, while Units have seen a -10.90% decrease. As at 30 September 2024:
- The median value for Houses in East Melbourne is $3,090,845 while the median value for Units is $737,459.
- Houses have a median rent of $1,100 while Units have a median rent of $620.
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