3504 / 245-251 City Road
Southbank, VIC 3006

3504/245-251 CITY ROAD, SOUTHBANK

This rare opportunity presents a fully furnished 2-bedroom, 2-bathroom apartment located in the prestigious Palladium Tower. It offers a ready-made, hassle-free investment generating approximately $45,000 net Airbnb income per annum based on 2023-24 figures.

Situated on level 35, the apartment features open-plan living complemented by a Miele kitchen, hardwood floors, plush carpets, and queen-sized bedrooms with built-in robes. The master bedroom includes an ensuite bathroom. Additional conveniences include a Euro laundry, air conditioning, and floor-to-ceiling windows that provide abundant natural light. The balcony, internet access, and all furniture are included, allowing for immediate occupancy.

The location offers exceptional lifestyle benefits with Woolworths on the ground floor and proximity to Crown Casino, South Melbourne Market, Southbank dining precinct, the CBD, and multiple tram lines including Flinders Street Station.

Residents enjoy exclusive amenities such as secure entry with intercom and 24-hour concierge services, a massive fitness centre, an infinity pool, and sauna located on levels 40 and 41. There is also a landscaped BBQ area and function rooms with impressive city skyline views on level 9. For entertainment, a private theatre is available for booking, perfect for movie nights with friends and family.

This property is an excellent investment opportunity or an ideal home for those seeking a vibrant city lifestyle. Outgoings and rental information are available upon request. Buyers are advised to refer to the Contract of Sale for full details. Deposit terms are 5% or 10% of the purchase price, with preferred settlement options of 30, 60, or 90 days.

All inspections are by appointment only, and photo identification is required at open inspections. Prospective purchasers are encouraged to verify all details independently to ensure accuracy.