705/333-351 Exhibition StreetMelbourne VIC 3000
Property Details for 705/333-351 Exhibition St, Melbourne
705/333-351 Exhibition St, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 4067m2 and floor size of 86m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (May 2009)
HUGE 86 SQUARE METER 2 BED 2 BATH INVESTMENT APARTMENT PLUS CAR PARK - $378,000
‘MANTRA ON THE PARK’
APARTMENT 705
$378,000
THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
THIS IS A VERY LARGE TWO BEDROOM APARTMENT OF 86 SQUARE METERS WITH SPECTACULAR EASTERLY VIEWS TOWARD THE EXHIBITION BUILDINGS, CARLTON GARDENS AND TOWARD THE DANDENONG RANGES FROM THE 5 SQUARE METER BALCONY.
IN ADDITION TO THE SPACIOUS BEDROOMS, THIS FULLY FURNISHED APARTMENT HAS TWO FULLY APPOINTED BATHROOMS, ONE WITH LAUNDRY FACILITIES. ALSO, A LARGE OPEN PLAN KITCHEN AND DINING AREA THAT LEADS ON TO THE WELCOMING LOUNGE AND BALCONY.
THIS APARTMENT ALSO HAS A SECURE UNDER COVER CAR PARK ON TITLE.
RETURNING A HUGE $440 PER WEEK, THIS PROPERTY IS LEASED TO THE MANTRA GROUP UNTIL 2010 WITH ADDITIONAL OPTIONS THEREAFTER. FACILITIES SUCH AS HEATED POOL, SAUNA, AND SUN DECK ENHANCE THIS QUALITY HIGH YIELD INVESTMENT.
RENT: $22,914 PA ($1,909 PCM)
(WITH ANNUAL 3% INCREASE EACH OCTOBER UNTIL 2010)
RETURN: 6.1%
LEASE: UNTIL OCTOBER 2010
OPTIONS: 3 X 5 YEAR OPTIONS
OUTGOINGS:
OWNER COUNCIL AND WATER RATES: $1,700 PA (APPROX)
TENANT OWNERS 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
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.
ADDITIONAL FEATURE - BALCONY.
Property History for 705/333-351 Exhibition St, Melbourne, VIC 3000
- 12 Apr 2021Sold for $275,000
- 29 May 2009Sold for $363,000
- 08 May 2009Listed for Sale 378000
Recent sales nearby
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About 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 64,266 properties. Over the last 5 years, Houses in Melbourne have seen a 51.77% increase in median value, while Units have seen a -4.12% decrease. As at 31 January 2026:
- The median value for Houses in Melbourne is $2,008,911 while the median value for Units is $433,734.
- Houses have a median rent of $650 while Units have a median rent of $675.
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