SOLD
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Sold on 11 Dec 2024 - Price Unavailable

1304/452 St Kilda Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 39m2
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Property Details for 1304/452 St Kilda Rd, Melbourne

Building Type
Commercial
Floor Size
39m2

Last Listing description (December 2024)

Embark on a journey of premium investment living with this exceptional hotel room, generating a substantial annual income of $16,087. This property is backed by a secure 5-year lease, extendable up to five additional terms of five years each, making it an ideal choice for discerning investors seeking impressive returns and long-term stability.

Key Features:

* Lucrative Lease: Currently leased at $16,087 per annum, guaranteeing a reliable income stream.

* Bask in stunning views and natural light from your own private retreat.
* Flexible Layout: Adapt the space to your needs, optimizing it for personal enjoyment or investment potential.
* Prime Location on St Kilda Rd: Enjoy the prestige of a sought-after address, appealing to luxury-seeking visitors to Melbourne.
* Secure Living: Feel at ease with a secure entrance, providing peace of mind for both residents and investors.
* Opportunities like this are rare. Don't miss your chance to secure a top-tier investment with enduring returns.

Contact us today to learn more!

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Property History for 1304/452 St Kilda Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
11 Dec 2024
  • 11 Dec 2024
    Sold
  • 12 Nov 2024
    Listed for Sale Contact Agent
  • 19 Nov 2011
    Sold for $418,195

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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 13,569 properties. Over the last 5 years, Houses in Melbourne have seen a 64.85% increase in median value, while Units have seen a -7.33% decrease. As at 30 November 2024:

  • The median value for Houses in Melbourne is $1,999,879 while the median value for Units is $648,017.
  • Houses have a median rent of $600 while Units have a median rent of $630.
There are currently 88 properties listed for sale, and 49 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 641 properties were sold in the past 12 months in Melbourne.

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Gavin Zeitz
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Luke Carlson
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