18/1 O'Connell Street, North Melbourne VIC 3051
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Inner-City Investment Perfection with City Views!
Brilliantly positioned quite literally on the edge of Melbourne's CBD, this second-floor Victoria Terrace apartment is a must-see for those looking for a high-yielding low-maintenance investment opportunity.
- Student accommodation
- Rental return approx. $330 per week / $1,434 PCM / $17,208 per annum (as of 11/02/2023)
- Current Lease Expiry 11/07/2023
- Prior to COVID-19; 2020 to 2021, rental return approx. $18,252 per annum
- 8.6% gross rental yield
- Owners Corporation fees $2,377.50 per annum
- Council Rates: $529.90 per annum
* All above figures are approximate, please do your own due diligence
- Separate bedroom and stylish bathroom
- Open-design living/meals area
- Kitchen with tiled splashbacks and gas cooktop
- City views from the bedroom and living area
- Lift to secure entry foyer with intercom
- Residents' lounge, laundry, and bike storage area
Moments from the iconic Queen Victoria Market and choice of tram lines (free tram zone), it's also walking distance to Flagstaff Gardens and Flagstaff Station, as well as easy access to Melbourne University, RMIT and a range of other educational facilities.
Inspections by private appointment only.
- Student accommodation
- Rental return approx. $330 per week / $1,434 PCM / $17,208 per annum (as of 11/02/2023)
- Current Lease Expiry 11/07/2023
- Prior to COVID-19; 2020 to 2021, rental return approx. $18,252 per annum
- 8.6% gross rental yield
- Owners Corporation fees $2,377.50 per annum
- Council Rates: $529.90 per annum
* All above figures are approximate, please do your own due diligence
- Separate bedroom and stylish bathroom
- Open-design living/meals area
- Kitchen with tiled splashbacks and gas cooktop
- City views from the bedroom and living area
- Lift to secure entry foyer with intercom
- Residents' lounge, laundry, and bike storage area
Moments from the iconic Queen Victoria Market and choice of tram lines (free tram zone), it's also walking distance to Flagstaff Gardens and Flagstaff Station, as well as easy access to Melbourne University, RMIT and a range of other educational facilities.
Inspections by private appointment only.
Seller Review
Alex has been very professional and diligent in
Alex has been very professional and diligent in finding a potential buyer for us. We appreciate her helping in selling our property. She is strongly recommended by us!
Review by Cathy W
Seller Review
Alex was fantastic at keeping us up to date every
Alex was fantastic at keeping us up to date every step. Detailed reports on everyone interested in the property and what they thought after viewing. She even gave us recommendations to improve the property.
Review by Meredith D
