1912/23 Mackenzie Street

Melbourne VIC 3000

Set high within Melbourne's iconic Conservatory Tower, this wellconfigured twobedroom. 1-bathroom apartment offers investors a rare combination of strong income, premium tenant appeal, and bluechip positioning in a persistently tight CBD rental market.

Investment Snapshot
* Estimated rent: $820-$900 per week
* Indicative gross yield: approx. 8.0% - 9.0%
* Secure car space and storage cage - scarce and highly valued in CBD leasing
* 19thfloor position providing excellent light, elevation and outlook
* Consistent demand from professional, academic and longterm tenants

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Why This Property Outperforms
This apartment offers features that directly translate into stronger rents and reduced vacancy, setting it apart from standard CBD stock:
* Secure ontitle car parking, increasingly rare and actively sought after
* Dedicated storage cage, ideal for longerterm and professional tenants
* Efficient 2bedroom layout with no wasted space
* Access to Conservatory's resortstyle facilities, including pool, gym, spa, cinema and skydeck
These attributes allow the property to command abovemedian CBD rents, even as broader markets fluctuate.

Prime CBD Location:
Walking distance to RMIT and University of Melbourne, moments to Carlton Gardens, Royal Exhibition Building, State Library, Queen Victoria Market, and Melbourne Central. Excellent transport connections with free tram zone and rail.

This demand profile underpins income reliability and longterm rental defensibility, making the apartment a compelling option for yieldfocused investors.

Property Features:
-Open-plan living/dining area
-Modern kitchen with stone benchtops and -Miele appliances
-Master bedroom with built-in robes
-Second bedroom with direct balcony access - ideal for home office or guests
-Covered balcony for outdoor relaxation
-Contemporary bathroom with quality finishes
-European laundry, timber floors, split-system heating/cooling in main room and bedroom
-Secure car park included

Five-Star Amenities & Security:
Residents enjoy 24-hour concierge service providing both convenience and peace of mind, plus exclusive access to premium facilities including private cinema, golf simulator, lap pool, sun decks, fully-equipped gym, studio, sauna, steam room, roof top hot tubs, and entertaining terraces with BBQ areas.

All well maintained and managed ensuring your investment is well cared for.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.