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Overview
This one-bedroom apartment in South Yarra offers a secure and low-maintenance investment opportunity, ideal for investors seeking consistent rental income in a prestigious inner-city location. Its strategic position within walking distance to Chapel Street, Toorak Road, South Yarra Station, and the Yarra River ensures ongoing demand and convenience.
Currently leased to a reputable hotel operator, the property generates a reliable rental return with an attractive yield of approximately 8.1% per annum. The five-year lease, commencing in August 2024 and ending in August 2029, provides long-term income security without the need for tenant management, an appealing prospect for hands-off investors.
- Refurbished recently to maintain quality and appeal
- Steady rental payments supported by an established accommodation operator
- Ideal as a set-and-forget investment that capitalises on South Yarra's sought-after market
This apartment caters well to investors targeting secure cash flow, complemented by a prime location that underpins capital growth potential. The tenancy includes a confirmed current monthly rent of $2,037.06, reinforcing the property’s strong income-generating profile.
Local Market Insights
In South Yarra, Quiet Listings observed 103 new apartments entering the market over the last 30 days, up from 38 during the previous 30-day period, with an average advertised asking price of $944,714. The property type mix of listed properties is predominantly Apartments at 69%, followed by houses (15%), and commercial properties (8%). Amity Property Group was the most active agency in this area, representing 15.9% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
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
South Yarra VIC 3141
Market Insights for South Yarra VIC 3141
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