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1230/43 Therry Street, Melbourne.

1
8.55 % Net Return (Approx.) | $190,000

8.55% Net Return with this Set-and-Forget Investment or the Perfect Lock-Up-and-Leave City Pad

This smartly designed studio apartment in the heart of Melbourne's CBD offers the ideal balance of lifestyle, location, and long-term value. Positioned in the secure Mercure complex, and just moments from RMIT University, the University of Melbourne, and the iconic Queen Victoria Market, this apartment delivers exceptional convenience for students, professionals, and investors alike. The apartment features an open-plan living and sleeping zone, modern kitchen with stone benchtops and quality appliances, sleek bathroom, mirrored built-in robes, reverse-cycle air conditioning, and a flat-screen TV, all ready to go, whether you're moving in or letting it out. The building is moments from public transport, Melbourne Central, Carlton Gardens, Flagstaff Gardens, and the city's best dining and retail precincts. --------------------------------------------------------------------------------------- Key Information Water Rates - $750 per annum approx. Council Rates - $600 per annum approx. Owners Corporation: $1,450 per quarter approx. Gross Return on Investment - 12.32% Net Return on Investment - 8.55% (Figures based off a sale price of $190,000) --------------------------------------------------------------------------------------- Currently under strong rental demand, the property offers a potential gross yield of 12.32% and net return of 8.31%. Whether you're investing for high returns, securing accommodation for a student, or after a low-maintenance city base, this property represents great value in a premium position. An excellent opportunity for those seeking solid rental returns and an ultra-central location. Enquire now to arrange a private inspection or receive further details.

Sales Associate
Partner
Property information
Property ID
222P592783
Property type
Apartment
Home size
34.0 sqm
Inspect
As Advertised or by Appointment

Request for Contract.

Thank you for your interest in 1230/43 Therry Street, Melbourne VIC 3000. To receive a copy of the contract via email, please fill in your details below.

 
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Get to know the area.

Buzzy and cosmopolitan Melbourne CBD offers a treasure trove of arts, dining and musical entertainment. Towering office buildings jostle for space with high-end designer boutiques, hidden laneway bars and the vibrant colours of Chinatown, while the city’s signature street art gives it a welcome edge. A magical melting pot, there’s a whole lot to do (and love) here.

Your local office.

Perfectly positioned to deliver great real estate services across Melbourne’s inner-north, Belle Property Carlton, Melbourne and our branch office in North Melbourne have an enviable reputation of offering superior real estate services with the backing of an Australia wide network. The first office of 30 year plus long-standing principal Scott McElroy, the office provides customer-centric property advice to and ever-expanding and loyal customer base.

Most recently the merger of Belle Property Carlton with Alexkarbon Real Estate, one of North Melbourne’s premier boutique agencies has further expanded our reach with the opening of Belle Property North Melbourne. Through this merger and joining Scott and his team, are founding directors of Alexkarbon, Charles Bongiovanni and Alex Puglia plus their team which will further strengthen our inner-north service offering.

Throughout Carlton, Carlton North, North Melbourne, Fitzroy, Fitzroy North, Collingwood, Parkville and Melbourne’s CBD, the team provides comprehensive residential, investment and project marketing advice to deliver the best results possible.

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