102/452 St Kilda RoadMelbourne VIC 3004
Property Details for 102/452 St Kilda Rd, Melbourne
Last Listing description (September 2023)
This office space is currently leased for $22909.07 per annum on a long term 5 year lease with further options of 5x5x5x5 years. This opportunity is for the astute investor that understands the return and growth that this property offers. These long term leases are rare to find and ever rarer to find with an incredible yield. Currently being used as a hotel you can expect it to be maintained immaculately. Located in a position along St Kilda Rd that is a desired position for Melbourne visitors to stay and enjoy everything this great state has to offer.
Features Include:
* Long term lease in place $22909.07 per annum lease
* Open plan room
* Incredible postion
* Secure entrance
Be quick to enquire!
Property History for 102/452 St Kilda Rd, Melbourne, VIC 3004
- 13 Sep 2023Sold for $240,000
- 12 Dec 2013Listed for Rent - Price not available
- 07 Aug 2012Sold for $360,000
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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 13,562 properties. Over the last 5 years, Houses in Melbourne have seen a 80.70% increase in median value, while Units have seen a -2.76% decrease. As at 31 August 2024:
- The median value for Houses in Melbourne is $1,977,872 while the median value for Units is $661,078.
- Houses have a median rent of $625 while Units have a median rent of $625.
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