709/1-3 Queens RoadMelbourne VIC 3004
Property Details for 709/1-3 Queens Rd, Melbourne
Last Listing description (December 2023)
Investments are far and few between with high yields and a potential capital gain to assist in the future. This is an obvious choice for the wise investor looking to park there money and watch it grow with very little risk. Currently leased at $5000 per annum + GST + Outgoings and at a 9.61% in pocket return with the 3 yr lease starting from 1st July 2022 it is easy to see why this makes sense. Well located, close to main arterials with great access to public transport. St Kilda Road Towers also offers a fully equipped gymnasium, health spa, medical centre, boutique shops, restaurants and bar.
Features Include;
*
* Fully equipped gymnasium with shower facilities
* Professional Business Centre with boardroom hire
* Gourmet food court
* Squires Loft Restaurant and Bar
* Storage facilities & secure undercover car parking.
* Fully serviced kitchens on each floor (inc. fridge, microwave, boiling/filtered water tap, soap dispenser and storage)
* Modern sparkling bathrooms
* Large food court
Be quick as this one won't last long!
Property History for 709/1-3 Queens Rd, Melbourne, VIC 3004
- 05 Dec 2023Sold for $50,000
- 26 Oct 2023Listed for Sale $55,000
- 23 Nov 2020Sold for $52,000
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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 13,564 properties. Over the last 5 years, Houses in Melbourne have seen a 80.70% increase in median value, while Units have seen a -2.76% decrease. As at 31 August 2024:
- The median value for Houses in Melbourne is $1,977,872 while the median value for Units is $661,078.
- Houses have a median rent of $625 while Units have a median rent of $625.
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