502/100 Exhibition StreetMelbourne VIC 3000
Property Details for 502/100 Exhibition St, Melbourne
502/100 Exhibition St, Melbourne is a 2 bedroom, 1 bathroom Unit and was built in 1965. The property has a land size of 656m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in September 2019.
Last Listing description (October 2019)
Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists.
If youd like to discuss your investment property options please call me on 0438 557 885
Situated on the fifth level and with the preferred Westerly aspect overlooking Exhibition Street, this is a modern two bedroom apartment of approximately 60 square meters.
As part of the Mantra lease terms, owners DO NOT pay Owners Corporation Fees, Council Rates,Water Rates, Insurance or General Maintenance.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
RENT: $35,360 pa
($2,946 per month - approx)
INCREASE: Annual 4% increase between market reviews
RETURN: 6.3% (Gross)
LEASE: Until March 2023
OPTIONS: 3 x 5 years
TENANT (Mantra) PAYS:
Owners Corporation fees
Council & Water rates
Insurance
General maintenance
Water usage
OWNER PAYS:
Maintenance fund: $2,260 pa (Approx.)
For further information please contact:
Nick Walters of Kingsford Property - The Serviced Apartment Specialists
0438 557 885
nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Property History for 502/100 Exhibition St, Melbourne, VIC 3000
- 28 Aug 2019Sold for $548,000
- 19 Jun 2019Listed for Sale Not Disclosed
- 18 Dec 2000Sold for $318,000
Recent sales nearby
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0About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,285 properties. Over the last 5 years, Houses in Melbourne have seen a 51.22% increase in median value, while Units have seen a -4.06% decrease. As at 31 December 2025:
- The median value for Houses in Melbourne is $2,044,589 while the median value for Units is $436,832.
- Houses have a median rent of $640 while Units have a median rent of $670.
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