313/452 St Kilda RoadMelbourne VIC 3004
Property Details for 313/452 St Kilda Rd, Melbourne
Last Listing description (August 2024)
Calling all investors! Don't miss the opportunity to secure a profitable piece of real estate with Suite 313/452 St Kilda Rd. This property promises long-term financial security, featuring a lease in place until 2047 with five-year renewal options. Currently occupied by Hotel Kinson, this suite generates a gross annual rent of $14,876 plus GST.
Key Features:
* Stability and Security: Benefit from a lease that extends until 2047, providing consistent rental income for the long term.
* Adaptable Space: The open-plan layout offers flexibility to accommodate various business needs.
* Contemporary Features: Includes a modern galley kitchen with updated appliances and a stylish bathroom for added convenience.
* Safe and Secure: Secure entry ensures safety and adds appeal for current and future tenants.
Why Choose This Investment?
* Coveted Location: Situated on the renowned St Kilda Rd, the property offers a prestigious address with easy access to transport, dining, and the CBD.
* Dependable Income: Enjoy a gross annual rent of $14,876 plus GST, delivering reliable financial returns.
* Trusted Tenant: Currently leased to Hotel Kinson, ensuring consistent occupancy and minimal downtime.
Act Fast:
This is a unique chance to invest in a high-yield property in a sought-after location. Contact us today to schedule a viewing and explore this fantastic investment opportunity.
Property History for 313/452 St Kilda Rd, Melbourne, VIC 3004
- 21 Aug 2024Sold
- 13 Aug 2024Listed for Sale Contact Agent
- 11 Jun 2010Sold for $397,390
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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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