1407/452 St Kilda RoadMelbourne VIC 3004
Property Details for 1407/452 St Kilda Rd, Melbourne
Last Listing description (October 2024)
Here's your chance to secure a solid investment with guaranteed income in a prime Melbourne location. This hotel suite at 1407/452 St Kilda Road generates an impressive annual income of $16,252 and is secured by a 5-year lease with multiple renewal options (5x5x5x5 years), offering peace of mind and long-term stability for savvy investors. Being 39m2 (approx), with a good sized balcony nad nice outlook you can't go wrong.
Features Include:
* Reliable Rental Income: Enjoy consistent returns with a current annual income of $16,252, making it a lucrative addition to your portfolio.
* Sought-After Location: Situated along the prestigious St Kilda Road, one of Melbourne's most desirable business and leisure districts, the property benefits from high demand and strong capital growth prospects.
* Flexible Office Space: The versatile layout is suited to a variety of business needs, offering flexibility for future tenants or investors.
* Well-Maintained & Secure: The building boasts a secure entry and is meticulously maintained, providing a professional atmosphere that enhances tenant retention.
* This is an outstanding opportunity for cash buyers seeking a high-return, low-risk investment in a prime Melbourne location. Don't miss out on this rare chance to secure a long-term income stream with exceptional growth potential.
Contact us today to arrange a viewing and take advantage of this exceptional investment!
Property History for 1407/452 St Kilda Rd, Melbourne, VIC 3004
- 16 Oct 2024Sold
- 03 Oct 2024Listed for Sale Contact Agent
- 26 Nov 2010Sold for $422,205
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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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