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Overview
An investor's delight in the thriving heart of Melbourne
This affordable and modern apartment is perfectly positioned in the bustling heart of Melbourne's CBD, offering an excellent opportunity for investors and owner-occupiers alike. Located within the historic '500 Flinders' complex, this renovated one-bedroom studio apartment provides a functional floorplan that maximizes space for comfortable living.
The apartment features an inviting living and meals zone, complemented by a kitchen equipped with stainless steel appliances. The bedroom offers convenient access to a study area and additional storage, while the bathroom has been stylishly upgraded to meet contemporary standards. Hydronic heating ensures warmth and comfort throughout the cooler months.
Residents benefit from access to a rooftop entertaining area, providing a unique space to relax and enjoy views of the city. The location is highly desirable, with close proximity to key Melbourne precincts including Southbank, South Melbourne, and the Docklands.
Additional highlights include:
- Steps to vibrant city bars, restaurants, and cafes
- Easy walking distance to the iconic Crown Casino
- Close to Southbank Promenade and Batman Park
- Situated within the free tram zone for convenient public transport access
- Moments from both Flinders Street Station and Southern Cross Station
Outgoings for the property include an Owners Corporation fee of approximately $2,984 per annum, council rates of around $564 per annum, and water rates estimated at $700 per annum. The rental potential is approximately $400 per week, making this an attractive investment option in a thriving urban location.
This property offers a rare chance to secure a well-presented apartment in one of Melbourne's most sought-after areas, combining lifestyle convenience with solid investment appeal.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Melbourne VIC 3000
Market Insights for Melbourne VIC 3000
Other properties in this postcode
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