302/452 St Kilda RoadMelbourne VIC 3004
Property Details for 302/452 St Kilda Rd, Melbourne
302/452 St Kilda Rd, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 35m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Apartment sold in Melbourne in the last 12 months.
Last Listing description (February 2024)
Unlock an extraordinary investment opportunity with this hotel room currently commanding a substantial $14,185.57 per annum. Secured under a robust 5-year lease, with additional options spanning 5x5x5x5 years, this proposition is tailor-made for discerning investors who recognize the unparalleled returns and growth potential this property holds. The rarity of securing such long-term leases, coupled with an exceptional yield, makes this opportunity truly exceptional.
This space is meticulously maintained, ensuring a pristine and welcoming atmosphere. Nestled in a coveted position along St Kilda Rd, a preferred destination for Melbourne visitors, it provides an ideal hub for those eager to experience all the wonders this vibrant state has to offer.
Highlighted Features:
* Lucrative Lease: Currently leased at $14,185.57 per annum, providing a solid and consistent income stream.
* Large north facing balcony
* Versatile Layout
* Premium Location: Enjoy an enviable position along St Kilda Rd, attracting Melbourne visitors seeking a desirable and convenient stay.
* Secure Environment: Benefit from a secure entrance, ensuring peace of mind for both tenants and investors.
Opportunities like this don't linger. Act swiftly to secure your stake in this remarkable investment. Enquire now to seize this unparalleled chance for sustained returns and growth.
Property History for 302/452 St Kilda Rd, Melbourne, VIC 3004
- 30 Jan 2024Sold for $145,000
- 16 Jan 2024Listed for Sale Price on Application
- 13 Sep 2010Sold for $367,680
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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 13,436 properties. Over the last 5 years, Houses in Melbourne have seen a 10.42% increase in median value, while Units have seen a -4.84% decrease. As at 30 September 2024:
- The median value for Houses in Melbourne is $1,244,874 while the median value for Units is $659,247.
- Houses have a median rent of $628 while Units have a median rent of $630.
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