413/452 St Kilda RoadMelbourne VIC 3004
Property Details for 413/452 St Kilda Rd, Melbourne
Last Listing description (November 2024)
Discover a unique opportunity to own a high-yielding hotel room investment in the heart of Melbourne's prestigious St Kilda Road precinct. Currently generating a solid annual income of $15,174.09, this property is supported by a secure 5-year lease with the potential to extend for up to five additional 5-year terms, ensuring stability and peace of mind for investors.
Why This Investment Stands Out:
* Consistent Income: Currently leased at $15,174.09 per annum, providing a steady and reliable revenue stream.
* Flexible Design: Tailor the space to suit personal or investment goals, maximizing potential.
* Unmatched Location: Situated along St Kilda Road, a prime address that attracts luxury-seeking travelers to Melbourne.
* Secure Environment: Relax knowing the property offers a secure entrance, ideal for residents and owners alike.
This investment combines modern luxury, a prime location, and a dependable income, making it a standout choice for discerning buyers seeking long-term financial growth. Rare opportunities like this don't last long.
Take the first step toward securing your financial future. Contact us today to learn more or schedule an inspection!
Property History for 413/452 St Kilda Rd, Melbourne, VIC 3004
- 27 Nov 2024Sold
- 18 Nov 2024Listed for Sale Contact Agent
- 18 Oct 2011Sold for $380,000
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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 13,570 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.
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