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Sold on 05 Aug 2024 - Price Unavailable

605/452 St Kilda Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 31m2
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Property Details for 605/452 St Kilda Rd, Melbourne

Building Type
Commercial
Floor Size
31m2
Local Government
Port Phillip
Lot/Plan
605/PS609019

Last Listing description (August 2024)

Attention astute investors! Here's your chance to secure a prime hotel suite investment with exceptional returns. Suite 605 at 452 St Kilda Rd is currently leased for $12,896 per annum on a robust 5-year lease, with further options of 5x5x5x5 years, ensuring long-term stability and impressive growth potential.

This rare investment opportunity offers a remarkable yield and is situated in a highly desirable location for Melbourne visitors. The suite is meticulously maintained as part of a hotel, ensuring it remains in pristine condition.

Key Features:

* Guaranteed Income: Leased at $12,896 per annum with a secure long-term lease in place.
* Exceptional Yield: A rare find with such impressive returns and growth potential.
* Abundant Natural Light: Enjoy plenty of natural light and great views from the suite.
* Open Plan Layout: Flexible and spacious design to suit various needs.
* Prime Location: Located on the iconic St Kilda Rd, a top choice for Melbourne visitors.
* Secure Entrance: Ensuring peace of mind and safety for guests and investors alike.

Don't miss out on this exceptional investment opportunity. Properties like this are rare and highly sought after. Enquire today to secure your stake in this prime real estate and benefit from its outstanding returns and growth prospects.

Contact Us Today!
Be quick to enquire and seize this unparalleled investment opportunity.

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Property History for 605/452 St Kilda Rd, Melbourne, VIC 3004

A timeline of how this property has performed in the market
Last Sold
05 Aug 2024
  • 14 Aug 2024
    Sold for $125,000
  • 03 Jul 2024
    Listed for Sale $139,500
  • 05 Dec 2017
    Sold for $300,000
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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 13,423 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 49 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 631 properties were sold in the past 12 months in Melbourne.

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