Sold
904/263 Franklin Street,
Melbourne 3000, Victoria
$301,000
Property Price StatementProperty details
-
Agents
SOLD OFF MARKET
• Secure lease at $550/week until January 2027
• Fully furnished and equipped-ready for immediate occupancy by high-quality tenants.
• Premium height ensures better natural light, attracting long-term, stable tenants.
• Durable, high-spec finishes including quality appliances and stone surfaces for reduced wear and tear.
• Steps from the Free Tram Zone and three major train stations, maximizing appeal for urban professionals.
• Unbeatable walkability to RMIT, Melbourne University, and major employment hubs.
• Located in the heart of Melbourne's "Education and Innovation" district, ensuring constant demand.
Secure your position in the heart of Melbourne's thriving property market with this high-performing, fully furnished one-bedroom residence. Positioned on the ninth floor of the premier "Grand 8" complex, this apartment is specifically tailored for the astute investor seeking a robust addition to their portfolio. With its proximity to major universities, the legal precinct, and world-class transport, this property offers the perfect combination of high tenant demand and low vacancy risk, expertly positioned to deliver a projected rental yield of close to 8%.
In the current Melbourne market, this apartment stands out as a highly efficient investment vehicle. The floorplan is meticulously optimized for urban living, featuring a sleek, stone-topped Smeg kitchen equipped with an integrated oven, dishwasher, and gas cooktop The versatile living area, with its split-system climate control and seamless balcony access, provides the flexibility that modern renters crave. The bathroom, finished with floor-to-ceiling tiling and a stone-topped vanity, offers an elevated aesthetic that stands out in the crowded rental market. By providing a high-spec, modern living environment, you are not just securing a tenant; you are securing a reliable, long-term revenue stream in a high-growth location.
Beyond the apartment's internal quality, the location is a significant driver of long-term capital growth and consistent rental interest. With the Queen Victoria Market, Flagstaff Gardens, and the absolute epicenter of Melbourne's rail network at your doorstep, this is an address that will never fall out of favor. Whether targeting the international student market or corporate professionals, the convenience on offer here is second to none. This is an exceptional opportunity to acquire a managed, income-generating asset in one of the world's most livable cities.
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
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Explore the area
School catchments
- Haileybury College - City Boys Combined Independent 0.36km
- Haileybury College - City Girls Combined Independent 0.36km
- Eltham College - Lonsdale Street Campus Combined Independent 0.50km
- Simonds Catholic College Secondary 7-12 Catholic 0.51km
- University High School-Londsdale Street Campus Secondary Government 0.53km
- Mount Alexander 7-12 College-River Nile Campus Secondary Government 0.65km
- Ozford College Secondary 10-12 Independent 1.1km
- Ozford College - Ozford College Campus Secondary Independent 1.1km
- Stott's Colleges Secondary Independent 1.3km
- North Melbourne Primary School Primary Prep-6 Government 1.3km
- Docklands Primary School Primary Prep-6 Government 1.3km
- Holmes Grammar School Secondary Independent 1.4km
- University High School Secondary 7-12 Government 1.4km
- University High School-Elizabeth Blackburn School of Sciences Secondary Government 1.4km
- Carlton Gardens Primary School Primary Prep-6 Government 1.4km
- North Melbourne Primary School - Molesworth Street Campus Primary Government 1.5km
- Docklands Primary School-Bundha Campus Primary Government 1.7km
- Academy of Mary Immaculate Secondary 7-12 Catholic 1.7km
- SEDA College (Victoria) - The Huddle, North Melbourne Football Club Secondary Independent 1.8km
- Carlton Primary School Primary Prep-6 Government 1.9km
- St Michael's Primary School Primary Prep-6 Catholic 2.0km
- Sacred Heart School Primary Prep-6 Catholic 2.1km
- St Aloysius College Secondary 7-12 Catholic 2.2km
- South Melbourne Primary School Primary Prep-6 Government 2.2km
- Fitzroy Primary School Primary Prep-6 Government 2.5km
- Carlton North Primary School Primary Prep-6 Government 2.5km
- Collingwood College-Collingwood Alternative School Combined Government 2.7km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Ben Vu
904/263 Franklin Street, Melbourne VIC 3000
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Ben Vu
904/263 Franklin Street, Melbourne VIC 3000