711/9 Balmoral StreetSouth Yarra VIC 3141
Property Details for 711/9 Balmoral St, South Yarra
711/9 Balmoral St, South Yarra is a 1 bedroom, 1 bathroom Unit.
Last Listing description (January 2026)
Another serviced apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 27 years' experience in the serviced apartment market.
If you'd like to discuss your investment property options please call me on 0438 557 885
Offering the preferred Northerly aspect, this 50 square meter Ground Level one-bedroom apartment features an open plan living and dining area with fully equipped kitchen. The generous bedroom offers BIR's and is adjacent to the well appointed bathroom with separate laundry and storage cupboard. Split system heating and cooling, good security and one secure carpark is also on title.
NB. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.
Your investment apartment has Quest as a secure long-term tenant offering a continuous income stream with substantially reduced outgoings and currently an impressive $352 pw rental return.
Owners also have the option to stay up to 60 nights per year in their apartment (conditions apply)
Located in the heart of South Yarra, in the midst of fashionable Chapel Street and Commercial Road, behind the Prahran Market and the myriad of fantastic restaurants and cafes that the precinct has to offer, this Blue Chip investment opportunity is surely worthy of consideration for your property portfolio.
IMPORTANT INFORMATION:
RENT: $18,320 pa ($352 / week approx.)
INCREASE:
July 2026 + 3%
July 2027 + 3%
July 2028 + 3%
July 2029- Market Review.
RETURN: 6.8% Gross
6.1% Nett
LEASE: Until July 2029
OPTIONS: Six further 5 year options
OUTGOINGS:
Tenant (Quest) Pays:
Owner's Corp Fee
Building Insurance
Owner Pays:
Council Rates $1,085 pa
Water Rates $695 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
Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Property History for 711/9 Balmoral St, South Yarra, VIC 3141
- 25 Jun 2025Listed for Sale $270,000
Recent sales nearby
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About South Yarra 3141
The size of South Yarra is approximately 3.6 square kilometres. There are 19 parks, covering nearly 19.1% of the total area. The population of South Yarra in 2016 was 25147 people. By 2021 the population was 25028 showing a population decline of 0.5% in the area during that time. The predominant age group in South Yarra is 20-29 years. Households in South Yarra are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Yarra work in a professional occupation.In 2021, 35.50% of the homes in South Yarra were owner-occupied compared with 32.60% in 2016.
South Yarra has 26,619 properties. Over the last 5 years, Houses in South Yarra have seen a -19.78% decrease in median value, while Units have seen a -7.48% decrease. As at 31 August 2026:
- The median value for Houses in South Yarra is $1,876,468 while the median value for Units is $594,082.
- Houses have a median rent of $905 while Units have a median rent of $625.
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