105/452 St Kilda RoadMelbourne VIC 3004
Property Details for 105/452 St Kilda Rd, Melbourne
Last Listing description (April 2024)
Uncover an Unparalleled Investment Gem: Dive into the Opportunity of a Lifetime
Discover an extraordinary investment opportunity with this hotel office, boasting a lucrative annual income of $18,733. Anchored by a robust 5-year lease, extendable with additional options spanning 5x5x5x5 years, this offering caters to savvy investors who recognise its remarkable returns and growth potential. The rarity of securing such enduring leases, coupled with an outstanding yield, makes this proposition truly exceptional.
Meticulously maintained, this space radiates an impeccable and welcoming ambiance. Nestled in a coveted spot along St Kilda Rd, a favourite destination for Melbourne visitors, it serves as the perfect hub for those eager to explore the riches this vibrant state has to offer.
Highlighted Features:
* Lucrative Lease: Currently leased at $18,733 per annum, ensuring a stable and robust revenue stream.
* Flexible Layout
* Prime Location: Enjoy a coveted position along St Kilda Rd, drawing Melbourne visitors in search of a luxurious and convenient stay.
* Secure Environment: Reap the benefits of a secure entrance, providing peace of mind to both occupants and investors alike.
Opportunities as compelling as this are fleeting. Act swiftly to secure your stake in this extraordinary investment. Reach out now to seize this unparalleled opportunity for enduring returns and growth.
Property History for 105/452 St Kilda Rd, Melbourne, VIC 3004
- 30 Apr 2024Sold for $147,800
- 13 Mar 2024Listed for Sale $155,000
- 03 Aug 2012Sold for $340,000
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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 13,419 properties. Over the last 5 years, Houses in Melbourne have seen a 15.95% increase in median value, while Units have seen a -5.15% decrease. As at 31 October 2024:
- The median value for Houses in Melbourne is $1,437,130 while the median value for Units is $659,144.
- Houses have a median rent of $620 while Units have a median rent of $625.
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