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$530,000 - $580,000
Positioned in the heart of Melbourne's vibrant CBD, this well-presented apartment offers an exceptional opportunity for both investors and future owner-occupiers seeking flexibility, strong rental returns, and a premium city lifestyle.
Currently leased, the property provides immediate income with the added benefit of long-term security or future flexibility. The potential buyer will have the option to either occupy the property or renew the lease with the current lessor for a further 5-year term, offering versatility to suit different investment strategies.
Key Investment Highlights:
Current rental income: $620 per week
Rental increase to $638 per week from 1st September 2026 (subject to renewal)
Annual rental increases aligned with market conditions
The lessor will cover the majority of outgoings, including strata, council rates, and water, significantly 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 set-and-forget investment
Unbeatable Location:
Situated moments from Crown Entertainment Complex, Southbank Promenade, public transport, cafes, restaurants, and major CBD amenities, this address ensures consistent tenant demand and long-term growth potential.
An outstanding opportunity to secure a high-performing CBD asset with flexibility for both income and future occupation.
Lonsdale St, Melbourne VIC 3000
Call LJ Hooker City Residential on
(03) 9600 2166
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