607/452 St Kilda RoadMelbourne VIC 3004
Property Details for 607/452 St Kilda Rd, Melbourne
Last Listing description (February 2024)
Delve into an exceptional investment opportunity with this hotel room, currently fetching a significant $13,494 per annum. Embraced by a robust 5-year lease, extendable with additional options spanning 5x5x5x5 years, this offering caters to astute investors who discern the remarkable returns and growth potential it harbors. The scarcity of securing such enduring leases, combined with an outstanding yield, renders this proposition truly remarkable.
Meticulously upheld, this space exudes an immaculate and inviting ambiance. Tucked away in a coveted spot along St Kilda Rd, a favored haunt for Melbourne visitors, it serves as a perfect base for those craving to delve into the treasures this dynamic state boasts.
Highlighted Features:
* Lucrative Lease: Currently leased at $13,494 per annum, ensuring a robust and consistent revenue stream.
* Expansive north-facing balcony
* Adaptable Layout
* Prime Location: Enjoy a coveted stance along St Kilda Rd, attracting Melbourne visitors in search of a luxurious and convenient stay.
* Secure Environment: Reap the benefits of a secure entrance, offering tranquility to both occupants and investors alike.
Opportunities as compelling as this are fleeting. Act promptly to secure your share in this extraordinary investment. Inquire now to grasp this unparalleled opportunity for enduring returns and expansion.
Property History for 607/452 St Kilda Rd, Melbourne, VIC 3004
- 19 Feb 2024Sold for $140,000
- 29 Jan 2024Listed for Sale Price on Application
- 15 Apr 2019Listed for Sale $315,000
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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 13,422 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.
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