1107/452 St Kilda RoadMelbourne VIC 3004
Property Details for 1107/452 St Kilda Rd, Melbourne
Last Listing description (June 2024)
Attention savvy investors! Here's your chance to secure a prime piece of real estate with guaranteed returns. Located at 1107/452 St Kilda Rd, this suite offers a lucrative long-term lease with five-year options that extend all the way to 2047. Currently leased by Hotel Kinson, this property ensures a steady income stream of $13,975 per annum + GST.
Key Features:
* Long-Term Stability: Benefit from a reliable lease extending through to 2047.
* Spacious Open Plan: Flexible room layout ideal for various uses.
* Galley Kitchen: Modern kitchen with efficient design.
* Contemporary Bathroom: Features a sparkling, up-to-date bathroom.
* Secure Entry: Ensures safety and peace of mind with a secure entrance.
Don't miss out on this exceptional investment opportunity. Contact us today to learn more and arrange an inspection.
Property History for 1107/452 St Kilda Rd, Melbourne, VIC 3004
- 27 Jun 2024Sold for $125,000
- 07 Jun 2024Listed for Sale $129,000 Negotiable
- 20 May 2011Sold for $368,160
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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 13,428 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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