109/48 Wellington Parade,
East Melbourne, VIC 3002

Shops & Retail • Hotel, Motel & Leisure

Key property information

Floor area

Map of 109/48 Wellington Parade

Directions

Guaranteed Performer: Perfect inner city investment to set & forget

This fully self-contained studio apartment presents as a great investment opportunity.

Located in the tightly held leafy suburb of East Melbourne ideally positioned between MCG/Rod Laver arena's, Melb CBD, Yarra River, Fitzroy Gardens, Crown Casino & Bridge Rd's cosmopolitan retail strip.

Complimented by long term leasing arrangements with Quest East Melbourne returning a massive yield circa 7% ($15,345pa) with some outgoings paid by the tenant. This outstanding performing investment would be a welcome addition to those astute investors looking to capitalise long term.

With sweeping views across Melbourne's city skyline & direct views to MCG this very well maintained north facing apartment offers quality fixtures & fittings throughout, large well equipped bathroom, air-con & heating throughout, private balcony together with onsite reception/concierge facilities & rooftop garden terrace with entertainment furniture and sunbeds.

Disclaimer:
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy.
Prospective purchasers/lessees are advised to carry out their own investigations.

Additional information

External websites

External link 1

East Melbourne, 3002 demographic data

The median household income for East Melbourne is $2,345, 23% higher than Greater Melbourne's household income of $1,901. East Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 39% of property owners in East Melbourne have a mortgage.

4,896

Population

$2,345 per week

Median household income

42 years

Median age

Renters

Most residents

Families

Most households