For Sale – Leased Investment - 39 Rockley Road, South Yarra

Investment opportunity, Development/Land (Residential), Offices, Retail

Property ID: 19396
Price: Contact Agent
Rent: $383,836 (ex. GST)
Building: 1,543m²
Land: 988m²
Zoning: General Residential Zone- Schedule 5

Some investments are better positioned than others. This is one of them. Located in a quiet pocket of South Yarra’s popular postcode, this apartment complex houses 13 equally coveted residences on a 988 sqm* site. Generously proportioned individual apartments are approximately 100 sqm* plus in size, and each feature two bedrooms, two bathrooms, and large open-plan living. Residents further benefit from North facing balconies for lush summer nights, and clever reverse cycle heating and cooling for added comfort all year round. Well-maintained inside and out, the complex generates a combined income of $383,835.96 per annum* for investors of all intentions. And if that includes a repositioning of this asset through renovation, there’s the option to completely transform it. A pivotal part of South Yarra’s prestigious appeal is the quality of life inextricably linked to living here. There is the Yarra River’s main trail and Como Park within walking minutes for grounding nature walks. There is the closeness to Melbourne’s high-end retail along Toorak Road lead by the landmark Como Centre and Capital Grand, for wants and needs of all kinds. And then there’s the bustling hospitality dotted along Chapel Street for a taste of Melbourne’s iconic culture. Heading into the CBD is going to take you 15 minutes in the car, or if you’re heading elsewhere quickly, the Citylink is only 237 m* from here. Public transport, too, is a breeze; within your ten-minute walking radius you’ve got the 605 bus line, tram lines 58 and 78, and South Yarra station servicing the Cranbourne, Frankston, Pakenham and Sandringham lines.

- Available to acquire for the first time in over 40 years.
- Expansive 988 sqm* total site area.
- 13 spacious apartments of 100sqm*+ each.
- Individual titles for each apartment.
- Combined income of $383,835.96 p.a.*
- 13 onsite undercover car spaces.
- Attractively landscaped gardens in keeping with the leafy street environment.
- 170 m* from Alexandra Avenue.
- 320 m* from Chapel Street.
- 3.2 km* from Melbourne CBD.

* Projected Total (apartment 7 has been retained for display purposes)

Panoramic serenity meets affluent eccentricity; no other suburb has got quite as much range as South Yarra (nor the undisputedly iconic baked goods from Tivoli Road Bakery). If you have an appetite for investments that go down a treat, this is it.

Pricing excludes GST

Additional Info
TenancyRefer to Tenancy Schedule
Lease TermRefer to Tenancy Schedule
CommencedRefer to Tenancy Schedule
Rent ReviewRefer to Tenancy Schedule
Bond/GuaranteesRefer to Tenancy Schedule
Outgoings PayableNot Applicable
AgeCirca 1970's
Air ConditionerYes
AvailabilitySubject to leases
Car Spaces13 on site undercover
ConditionVery Good
FloorsConcrete / Various floor coverings
Height9.3m - 10.6m
Permits IssuedNot Applicable
Roller DoorsNA
Suitable DevelopmentRenovation of existing apartments
ZoningGeneral Residential Zone- Schedule 5
Council RatesTotal estimate $17,426.11
Land Tax$65,332.50 (Total estimate)
Fire Service Levyincluded in council rates
Agent Details
CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]

CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

Ask About The Property