704/333-351 Exhibition StreetMelbourne VIC 3000
Property Details for 704/333-351 Exhibition St, Melbourne
704/333-351 Exhibition St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1990. The property has a land size of 4067m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in June 2011.
Last Listing description (June 2011)
MANTRA ON THE PARK
SEVENTH FLOOR, ONE BEDROOM APARTMENT OF 60 SQUARE METERS WITH SPECTACULAR EASTERLY VIEWS OVER THE EXHIBITION BUILDINGS AND CARLTON GARDENS FROM THE 5 SQUARE METER BALCONY. CURRENTLY LEASED TO THE MANTRA GROUP UNTIL 2015 WITH FOUR FURTHER OPTIONS THEREAFTER. THIS COULD MAKE THE IDEAL LONG TERM INVESTMENT FOR THE ASTUTE INVESTOR. ENJOY AN ANNUAL 3% INCREASE ON YOUR RENT BETWEEN MARKET REVIEWS. FACILITIES SUCH AS LICENCED RESTAURANT HEATED POOL, SAUNA, AND SUN DECK ENHANCE THIS QUALITY HIGH YIELD INVESTMENT. CURRENT RENT: $13,993 PA ($1,339 PCM) RETURN: 5.9% LEASE: UNTIL OCTOBER 2015 OPTIONS: 4 X 5 YEAR OPTIONS OUTGOINGS: OWNER COUNCIL AND WATER RATES $1,300 PA (APPROX) TENANT BODY CORP FEES, INSURANCE, GENERAL MAINTENANCE AND WATER USAGE FOR FURTHER ENQUIRES, PLEASE CALL: NICK WALTERS OF KINGSFORD PROPERTY 0438 557 885 OR (03) 9682 6222 NICK@KINGSFORDPROPERTY.COM.AU
Property History for 704/333-351 Exhibition St, Melbourne, VIC 3000
- 08 Jun 2011Sold for $221,000
- 15 Apr 2011Listed for Sale $229,000
- 20 Jun 2000Sold for $190,000
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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 64,265 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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