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Sold on 03 May 2024 - Price Unavailable

603/452 St Kilda Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 40m2
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Property Details for 603/452 St Kilda Rd, Melbourne

Building Type
Commercial
Floor Size
40m2
Local Government
Port Phillip
Lot/Plan
603/PS609019

Last Listing description (May 2024)

Experience Luxury Investment Living: Seize Your Slice of St Kilda Rd Elegance

Step into an unparalleled investment opportunity with this exquisite hotel room, boasting a substantial annual income of $15,404. Wrapped in the security of a robust 5-year lease, with options to extend spanning 5x5x5x5 years, this offering beckons astute investors who recognise its remarkable returns and untapped growth potential.

Crafted to perfection, this space emanates an immaculate and inviting ambiance. Nestled in a coveted corner along St Kilda Rd, a magnet for Melbourne visitors seeking indulgence, it stands as an ideal retreat for those yearning to immerse themselves in the treasures of this dynamic state.

Highlighted Features:

* Lucrative Lease: Presently leased at $15,404 per annum, ensuring a steady and substantial revenue stream.
* Expansive North-Facing Balcony: Embrace breathtaking views and soak in the warmth of the sun on your private oasis.
* Flexible Layout: Customize the space to suit your preferences, whether for personal enjoyment or investment potential.
* Prime Location: Revel in the prestige of St Kilda Rd, drawing Melbourne visitors in pursuit of luxury and convenience.
* Secure Environment: Enjoy peace of mind with a secure entrance, promising tranquility for both residents and investors alike.

Opportunities as captivating as this are fleeting. Seize the moment to secure your stake in this extraordinary investment. Reach out today to claim this unmatched opportunity for enduring returns and expansion.

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Property History for 603/452 St Kilda Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
03 May 2024
  • 03 May 2024
    Sold for $129,000
  • 13 Mar 2024
    Listed for Sale $149,000 Negotiable
  • 26 Oct 2022
    Sold for $170,000
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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 13,428 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.
There are currently 86 properties listed for sale, and 51 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 636 properties were sold in the past 12 months in Melbourne.

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