909/333-351 Exhibition StreetMelbourne VIC 3000
Property Details for 909/333-351 Exhibition St, Melbourne
909/333-351 Exhibition St, Melbourne is a 2 bedroom, 2 bathroom Unit and was built in 1990. While the property is not currently for sale or for rent, it was last sold in June 2015.
Last Listing description (January 2013)
TWO BEDROOM TWO BATHROOM BARGAIN WITH NO BODY CORPORATE FEES!
Looking for a secure long term investment without having to pay body corporate fees? Sounds almost too good to be true doesn't it? But it is!! And you???ll be surprised just how much this apartment will suit your investment requirements as there is a lot on offer.
Starting with an impressive 74 sqm plus 6 sqm balcony with 2 bedrooms and 2 bathroom's offering the smart investor 13 years of solid tenancy security through the 'Breakfree' group with the ???Mantra on the Park??? in upmarket Exhibition Street, just across the road from the Exhibition Gardens (cnr La Trobe Street - Rathdowne Street intersection).
ABOUT THE LEASE AND THE MONEY YOU RECEIVE - Current rental return $19,533 pa. Leased on a commercial 10 X 5 X 5 X 5 lease to the Mantra with 13 years remaining, absolutely positively no body corporate fees at all as they are paid by the tenant (council and water rates are however payable by owner which work out at $1600 pa).
A rent review every five years, plus a guaranteed 3% annual increase on 1st October each year! That???s a 39% income increase over the next 13 years guaranteed plus 2 additional rent reviews which are almost certain to increase taking demand for city accommodation and population growth into account.
Please note that the Mantra on the Park has just recently been substantially upgraded refurbished every room in the building with brand new furniture and carpet.
INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.
Property History for 909/333-351 Exhibition St, Melbourne, VIC 3000
- 27 Jan 2013Listed for Sale 325000
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 64,285 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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