508/133-143 Jolimont RoadEast Melbourne VIC 3002
Property Details for 508/133-143 Jolimont Rd, East Melbourne
508/133-143 Jolimont Rd, East Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1998. The property has a land size of 2076m2. While the property is not currently for sale or for rent, it was last sold in May 2019.
Last Listing description (August 2019)
Situated centrally in Melbournes high profile sporting and cultural hub is this very captivating, elegant and fully
refurbished one bedroom Mantra serviced apartment offering investors a secure long term lease with a high
The Mantra at Jolimont is surrounded with sporting venues such as the MCG, Rod Laver Arena, Olympic
and AAMI Parks which are the major components of this investment as this is the main generating
source of clientele for the Mantra Group.
Lease includes a 25 year term expiring in 2039 with reasonable outgoings, a solid rental income of $1626.67 per month with a room revenue income increase for all owners each September incorporated into the lease.
Fully furnished and refurbished just recently, this apartment offers a light filled south easterly aspect
and the building itself offers the luxuries of a heated swimming pool, spa and gymnasium along with a
sports bar and restaurant.
An attractive 8.3% gross return, approx 6.2% net return and this will increase further over the terms of the lease.
Jolimont is just a minute out of the city edge and you can also use this apartment if you want to stay
yourself as a partner of the Mantra Group with discounts available at all Mantra venues around the
country and overseas.
Absolutely perfect for self funded retirees super fund and investors alike, good capital growth expected given
the exciting location making this a great little investment all round!
INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER INFORMATION.
Property History for 508/133-143 Jolimont Rd, East Melbourne, VIC 3002
- 29 May 2019Sold for $225,000
- 02 May 2019Listed for Sale Not Disclosed
- 04 Feb 2005Transferred
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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 5,833 properties. Over the last 5 years, Houses in East Melbourne have seen a -10.47% decrease in median value, while Units have seen a -2.25% decrease. As at 31 July 2026:
- The median value for Houses in East Melbourne is $3,171,102 while the median value for Units is $751,974.
- Houses have a median rent of $1,150 while Units have a median rent of $680.
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