Introducing a newly completed apartment complex built in 2022-an exceptional opportunity for investors seeking both immediate income and long-term capital growth. This blue-chip asset comprises 13 fully completed one- and two-bedroom apartments under a single title, offering substantial depreciation benefits and excellent potential for future strata subdivision and individual sell-down (STCA).
Each apartment has been thoughtfully designed with quality appliances and finishes, and several units are fully furnished-ideal for attracting premium tenants or short-term guests. The mix of apartment layouts caters to a wide demographic, increasing occupancy flexibility and market appeal.
Currently delivering strong residential lease returns, the property also boasts proven Airbnb income potential, offering the ability to maximise yields through short-stay letting. Enhancing the investment profile is a securely leased ground-floor retail shop, locked in on a five-year agreement until 2027, with options extending to 2032. This retail component adds a reliable and diversified income stream.
With projected net income of $417,071 per annum (ex. GST) and a draft strata plan already in place, the asset is primed for value-add strategies and long-term portfolio growth.
Located in highly desirable Malvern East, one of Melbourne's most prestigious suburbs, this property enjoys close proximity to Holmesglen Train Station, major bus routes, Chadstone Shopping Centre, the Monash Freeway, and an array of local lifestyle amenities. As part of the City of Stonnington-a blue-chip council area with a Gross Regional Product of $10.13 billion-this property is positioned in a market with strong capital growth, high tenant demand, and a median apartment price of $633,500.
With its versatile income streams, future development options, and elite location, this is a rare and strategic investment offering for the discerning buyer. Secure your foothold in one of Melbourne's most tightly held suburbs.
I acknowledge that this advertisement provides information as a guide only. Zed Real Estate does not verify the data and makes no claims regarding its accuracy. Buyers are to perform their own due diligence. Images and floorplans are to scale and created based on the photographers' best knowledge.
