South Melbourne 907/52 Park Street

Discover an exceptional investment opportunity at Park Street, South Melbourne, where modern urban living meets serene luxury. This stylish apartment is ideally located directly across from a tram stop, ensuring effortless access to Melbourne's central business district and beyond. Enjoy proximity to the Royal Botanic Gardens and the prestigious National Gallery of Victoria (NGV), enhancing both lifestyle and appeal.

Positioned in a vibrant community, this property offers not only a chic living space but also a prime location that attracts tenants and boosts rental potential. The iconic South Melbourne Market, renowned for its fresh produce and gourmet offerings, is just a short walk away. Additionally, the Crown Entertainment Complex and Southbank Promenade provide diverse dining and entertainment options, appealing to a wide range of tenants.

Inside, the apartment boasts an open-plan design filled with natural light, complemented by high-quality finishes. The modern kitchen flows seamlessly into a spacious living area, which opens to a private balcony—ideal for relaxation or entertaining. Enjoy year-round comfort with efficient split-system air conditioning.

Key Investment Highlights:

Currently leased month to month Vendor-owned since built (2012-2013) Strong rental demand in a vibrant community Low outgoings

Monthly Rental Income: $1,868 Annual Rental Income: $1,868 × 12 = $22,416

Annual Expenses:Owners Corporation (OC): $3,031Water: $667Council: $696Total Annual Expenses: $3,031 + $667 + $696 = $4,394

Net Annual Income:$22,416 (rental income) - $4,394 (expenses) = $18,022

Terms: 10% deposit with flexible balance terms (30/45/60/90/120/Negotiable)