46C/211 Powlett StreetEast Melbourne VIC 3002
Property Details for 46c/211 Powlett St, East Melbourne
46c/211 Powlett St, East Melbourne is a 0 bedroom, 0 bathroom Car Space with 1 parking spaces. The property has a land size of 13m2.
Last Listing description (November 2023)
Secure long term with tenant who pays ALL outgoings!
5.15% NET return on Investment and a 100% Occupancy!
No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
Affordable:
This affordable entry level investment is ideal for your Superannuation, Investment diversity or affordable first time/entry level property investor.
Blue chip East Melbourne location within the medical and hospital precinct. Parking in this area is limited and highly sought-after location, and super close to the MCG and Melbourne sporting precinct.
Secure:
secure longer-term lease with Care Park Pty Ltd, one of Australasia's largest car park operators. Current lease expires 18th of April 2025.
Strong Income:
The current income is for each space $233.83 per calendar month (excl GST) or $2,805.96 per annum, with annual rent adjustments or reviews. Currently showing a 5.15% NET (Tenant pays all outgoings) return on investment at the asking price.
Low Maintenance Investment:
As this car park is attached to a secure long term lease the outgoings (council rates, owner corporation fees and water rates and congestion levy) are the responsibility of the Lessee and therefore this is a low maintenance investment offering a NET return on investment.
No Vacancy, No Maintenance, No Letting Fees, No Advertising Costs, No Council Rates, No Owner Corporation Fees, No Congestion Levy and No Management Fees.
No Worries for the Life of the Lease (expires April 2025).
National Tenant: Care Park Pty Ltd
Sit back and relax with a steady stream of income without any maintenance requests from tenants. Be quick, don't walk, run before this unique opportunity is gone.
Property History for 46c/211 Powlett St, East Melbourne, VIC 3002
- 09 Feb 2023Listed for Sale Contact Agent
- 23 Jan 2017Listed for Sale CAR PARK AT EAST MELBOURNE!
- 17 Nov 2016Listed for Sale CAR PARK AT EAST MELBOURNE!
Recent sales nearby
See more recent sales nearby/assets/perm/swupc3fryii6vng4umnmay432e?signature=3ee5e71bd6b1db9e7a15f6050ff9c7d065878735e4687f8fa3c77bb3d8524464){kind=logo}
0
/assets/perm/43g7clyhyii65hyjj5rbcllz2e?signature=ffeba9885afb93acd715b775edd8db8f8d2867f9bf2b2d018f678bc25d0b1c68){kind=logo}
0/assets/perm/nxtmxwzpaqi63jsc5vtoeaqxne?signature=b35beab12257ed1daca89802d32acface4e4ecb1e1e475ca25d4af518dafe8c8){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About East Melbourne 3002
The size of East Melbourne is approximately 1.9 square kilometres. There are 10 parks, covering nearly 46.0% of the total area. The population of East Melbourne in 2016 was 4964 people. By 2021 the population was 4896 showing a population decline of 1.4% in the area during that time. The predominant age group in East Melbourne is 30-39 years. Households in East Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Melbourne work in a professional occupation.In 2021, 44.80% of the homes in East Melbourne were owner-occupied compared with 43.60% in 2016.
East Melbourne has 5,825 properties. Over the last 5 years, Houses in East Melbourne have seen a -15.67% decrease in median value, while Units have seen a -4.48% decrease. As at 31 August 2026:
- The median value for Houses in East Melbourne is $3,187,953 while the median value for Units is $741,658.
- Houses have a median rent of $1,200 while Units have a median rent of $695.
Suburb Insights for East Melbourne 3002
Market Insights
East Melbourne Trends for Houses
N/A
N/A
View TrendN/A
N/A
East Melbourne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
