304/181-185 St Kilda RoadSt Kilda VIC 3182
Property Details for 304/181-185 St Kilda Rd, St Kilda
304/181-185 St Kilda Rd, St Kilda is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in St Kilda in the last 12 months.
Last Listing description (July 2024)
INVESTORS : Take advantage of this unique opportunity to own a piece of St Kilda's iconic landscape and enjoy the benefits of a prime investment property in one of Melbourne's most desirable suburbs just 7 km from the Melbourne CBD.
Discover the unparalleled investment potential of St Kilda, Melbourne, with this apartment leased to Defence Housing Australia (DHA) until 2028 with a 3 year option. Situated in one of Melbourne's most sought-after locations, this apartment offers a unique opportunity to secure a lucrative investment property in a thriving market.
St Kilda is renowned for its vibrant lifestyle, eclectic dining scene, and stunning beachfront views, making it a popular choice for investors and renters alike. With strong rental demand and high returns, investing in DHA is a smart move for those looking to grow their portfolio or secure a reliable income stream.
CURRENT RENT 2024 : $610PW and adjusted annually according to an independent professional valuation.
LEASE DETAILS :
* Lease start date 6/09/2022
* Lease end date 5/09/2028
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* All options/extensions are in DHA's FAVOUR.
APARTMENT FEATURES
* 2 bedroom apartment inc main with ensuite
* Carpeted througout
* Built-in-robes
* Air conditioning/heating.
* Open plan living
* Secure entrance,
* Secure undercover car space
* Storage cage next to parking space
* Built approx 2012
* Council Rates - Approx $1,040 per year
* Water Rates - Approx $667 per year (after water usage has been rebated by DHA)
* Body Corp fees $1326.80 per quarter (inc building insurance).
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees
** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can’t be occupied by the owner/s until the lease ends **
***Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be coordinated by the agent with the tenants.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.
Property History for 304/181-185 St Kilda Rd, St Kilda, VIC 3182
- 07 Jul 2024Sold for $575,000
- 01 May 2024Listed for Sale $565,000 - $585,000
- 24 Sep 2019Listed for Rent $500 / week
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About St Kilda 3182
The size of St Kilda is approximately 3.2 square kilometres. It has 17 parks covering nearly 21.5% of total area. The population of St Kilda in 2011 was 17,796 people. By 2016 the population was 20,234 showing a population growth of 13.7% in the area during that time. The predominant age group in St Kilda is 30-39 years. Households in St Kilda are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in St Kilda work in a professional occupation. In 2011, 34.9% of the homes in St Kilda were owner-occupied compared with 33.5% in 2016.
St Kilda has 18,089 properties. Over the last 5 years, Houses in St Kilda have seen a 27.73% increase in median value, while Units have seen a 0.52% increase. As at 31 August 2024:
- The median value for Houses in St Kilda is $1,726,684 while the median value for Units is $521,666.
- Houses have a median rent of $680 while Units have a median rent of $500.
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