Positioned in the heart of Melbourne's CBD, this well-presented apartment offers an outstanding opportunity for investors and future owner-occupiers seeking rental certainty and lifestyle appeal.

The property is already renewed on a 5-year lease from 1 September 2026, securing a 10% uplift to $682 per week (from $620) with further 5% annual increases throughout the term. This delivers stronger rental growth and greater certainty over the next five years.

Key Investment Highlights

• New rental income: $682 per week (10% uplift)
• New 5-year lease already secured
• 5% annual increases during the lease term
• Stronger rental position with long-term certainty
• Majority of outgoings (strata, council rates, water) covered by lessor, reducing holding costs

Property Features:

• Well-appointed apartment with functional layout
• Positioned on a high level with excellent natural light
• Located within a well-maintained building
• Ideal low-maintenance city living or investment

Unbeatable Location:

Situated moments from Crown Entertainment Complex, Southbank Promenade, public transport, cafes, restaurants, and major CBD amenities, this address offers convenient access to Melbourne's vibrant city lifestyle.

An appealing opportunity to secure a CBD property with established rental income, a new 5-year lease, and ongoing annual rental increases.

Disclaimer: Whilst every care has been taken to ensure the accuracy of the information provided, interested parties should rely on their own enquiries and due diligence. The agent and vendor accept no responsibility for any errors, omissions, or inaccuracies.