407/452 St Kilda RoadMelbourne VIC 3004
Property Details for 407/452 St Kilda Rd, Melbourne
407/452 St Kilda Rd, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1891. The property has a land size of 2323m2 and floor size of 30m2. While the property is not currently for sale or for rent, it was last sold in March 2024.
Last Listing description (April 2024)
An exceptional opportunity awaits savvy investors looking to acquire this serviced apartment on a long-term lease. Positioned on Level four, the apartment is currently under a five-year lease to "The Kinson" hotel, with the potential for four additional five-year terms.
Nestled on St Kilda Road and meticulously maintained, this expansive and well-lit studio apartment promises a sought-after passive income. Boasting an open-plan design, flooded with natural light through floor-to-ceiling windows and sliding door leading to a South facing balcony. Equipped with heating/air-conditioning, the property also offers modern amenities featuring a contemporary tiled bathroom, built-in robes, and a secure entrance, this investment combines an ideal location with promising returns.
The onsite amenities include a gymnasium, smart car hire, bicycle hire, laundry facilities, 24/7 concierge services, and robust security. Positioned just minutes away from Melbourne's CBD, the Arts precinct, vibrant St Kilda, South Melbourne, Chapel Street, Albert Park Lake, and with convenient public transport at your doorstep, this property is poised for both convenience and growth.
NB : THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.
IMPORTANT INFORMATION:
RENT: $13,454 pa
($258 per week approx.)
INCREASE: Annual CPI capped at 2% (Between Market Reviews)
RETURN: 8.4% Gross
6.00% Nett
LEASE: Until May 2027
OPTIONS: Four further 5-Year options
TENANT (The Kinson) PAYS:
50% of Owners Corporation Admin: $2,035pa
Insurance
General maintenance
OWNER PAYS:
50% of Owners Corp Admin: $2,035 pa
Maintenance/Sinking Fund: $523 pa
Council Rates: $619 pa
Water Rates: $666 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 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 407/452 St Kilda Rd, Melbourne, VIC 3004
- 12 Mar 2024Sold for $150,000
- 21 Feb 2024Listed for Sale Not Disclosed
- 28 Nov 2016Sold for $335,000
Recent sales nearby
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About Melbourne 3004
The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% 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 13,692 properties. Over the last 5 years, Houses in Melbourne have seen a 55.43% increase in median value, while Units have seen a -3.58% decrease. As at 30 April 2026:
- The median value for Houses in Melbourne is $2,238,081 while the median value for Units is $645,498.
- Houses have a median rent of $720 while Units have a median rent of $650.
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