1001/5-7 Yarra Street,
South Yarra, VIC 3141

Hotel, Motel & Leisure • Other • Shops & Retail

Added 1 day ago

Key property information

Floor area

Tenure type

Private inspections

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Map of 1001/5-7 Yarra Street

Directions

Train stations within 5 km of 1001/5-7 Yarra Street, South Yarra, VIC 3141 Distance
South Yarra Station 143 m
Hawksburn Station 1.1 km
East Richmond Station 1.3 km
Prahran Station 1.3 km
Richmond Station 1.6 km
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Tram stops within 5 km of 1001/5-7 Yarra Street, South Yarra, VIC 3141	Distance
51-Malcolm St/Chapel St (South Yarra)	293 m
50-Toorak Rd/Chapel St (South Yarra)	308 m
128-Chapel St/Toorak Rd (South Yarra)	329 m
49Palermo StChapel St South Yarra	472 m
49-Palermo St	490 m

Bus stops within 5 km of 1001/5-7 Yarra Street, South Yarra, VIC 3141	Distance
Darling GardensAlexandra Ave	414 m
Chapel StAlexandra Ave	452 m
Toorak RdPunt Rd South Yarra	515 m
Darling St/Alexandra Ave (South Yarra)	516 m
Shipley StPunt Rd South Yarra	530 m

Incredible Investment in Prime Location!

This well-appointed serviced apartment presents a secure, set-and-forget investment in one of Melbourne's most sought-after inner-city locations. Leased for five years from 5th August 2024 with two further five-year options, the property delivers a reliable income stream at $20,800 per annum. Positioned within a professionally managed complex, it offers low-maintenance ownership and long-term tenant stability. Ideal for investors seeking consistent returns without the hassles of day-to-day management, this apartment benefits from strong demand driven by its premium lifestyle setting. The unbeatable location places it moments from South Yarra's renowned dining, shopping, transport, and the Yarra River precinct.

Features Include:

* Secure five-year lease from August 2024
* Oversized balcony offering an incredible extra
* Two further five-year lease options
* Returning $20,800 per annum
* Serviced apartment investment
* Professionally managed building
* Low-maintenance ownership
* Strong tenant demand
* Prime South Yarra position

Secure a blue-chip investment with long-term income-enquire today.

South Yarra, 3141 demographic data

The median household income for South Yarra is $2,063, 9% higher than Greater Melbourne's household income of $1,901. South Yarra has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 47% of property owners in South Yarra have a mortgage.

25,028

Population

$2,063 per week

Median household income

33 years

Median age

Renters

Most residents

Singles

Most households

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