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.
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.
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 13,421 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:
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