801/452 St Kilda RoadMelbourne VIC 3004
Property Details for 801/452 St Kilda Rd, Melbourne
Last Listing description (October 2024)
Don't miss out on this rare investment gem offering a lucrative annual income of $14,676.58. Situated in a prime location along the iconic St Kilda Road, this hotel office space is secured by a solid 5-year lease with multiple renewal options (5x5x5x5 years), making it an ideal choice for cash buyers seeking long-term stability and consistent returns.
Key Features:
* Strong Rental Income: Currently leased at $14,676.58 per annum, ensuring a dependable revenue stream for investors.
* Prime St Kilda Rd Location: Positioned in one of Melbourne's most desirable areas, this property is in high demand among visitors, making it a prime investment for those looking to capitalize on the area's popularity.
* Flexible Layout: The office space offers a versatile layout, adaptable to a variety of business needs.
* Secure and Well-Maintained: The building features a secure entrance and is meticulously maintained, providing a professional and welcoming environment for tenants and guests alike.
This is a unique opportunity for cash buyers to secure a high-yielding investment in one of Melbourne's most sought-after locations. With strong rental income and long-term lease security, this property is a smart choice for investors looking for stability and growth.
Act quickly – opportunities like this don't last long! Contact us today to learn more about this incredible investment.
Property History for 801/452 St Kilda Rd, Melbourne, VIC 3004
- 14 Oct 2024Sold for $140,000
- 25 Sep 2024Listed for Sale Price on Application
- 03 Jun 2011Sold for $388,155
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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 13,426 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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