1108/9 Power Street
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About this property
This well-positioned apartment presents an outstanding opportunity for investors seeking strong rental appeal in the heart of Southbank. Featuring a smart and functional floorplan with newly installed carpet, the second room can be utilized as a study or guest room catering perfectly to tenants looking for work-from-home flexibility. Step inside to discover a light-filled open-plan living and dining area framed by floor-to-ceiling double-glazed windows, allowing natural light. The sleek designer kitchen boasts stone benchtops, quality cabinetry, and premium appliances, combining style with functionality. The contemporary bathroom and well-proportioned bedroom with built-in robes complete this turnkey apartment. A private balcony extends the living space, offering a peaceful retreat above the vibrant city. Residents enjoy resort-style amenities, including a 25-metre indoor heated pool, fully equipped gym, sauna, steam room, private cinema, virtual golf room, residents' lounge, BBQ terrace, and 24-hour concierge. Key Investment Highlights Versatile Floorplan: Second bedroom can serve as a study, guest room, or second bedroom. Strong Rental Appeal: Located in the highly sought-after Prima Tower, attracting young professionals. Prime Southbank Location: Steps from Crown Melbourne, Southbank Promenade, restaurants, public transport, and the CBD. Resort-Style Amenities: Indoor pool, gym, sauna, private cinema, lounge, BBQ terrace, and concierge. Ready for Investors: Modern, move-in ready apartment ideal for immediate leasing or long-term capital growth. Lifestyle & Convenience: Combines city living with premium comfort, appealing to a broad tenant market. This apartment is perfectly suited for investors seeking a low-maintenance property with high tenant demand, be it long term or short term leases providing both lifestyle and long-term growth potential in one of Southbank's most prestigious towers.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 1
- Parking
- 1
- Land Area
- 66 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Southbank
This 2-bedroom apartment in Southbank, VIC 3006 sits within reach of public transport, local shops and nearby schools. It is listed 27% below the $795,000 median of 76 comparable apartmentswithin 5 km.
Schools near Southbank
- South Melbourne Primary Schoolprimary · Prep-6 · CoEd
- Victorian College Of The Arts Secondary Schoolsecondary · 7-12 · CoEd
What's nearby
- Stop 116: City Road (tram) — 343 m away
- Unnamed — 172 m away
- Unnamed — 263 m away
- Unnamed — 288 m away
- Boyd Community Park — 294 m away
Southbank at a glance
Full suburb profile- Population
- 22,631
- Median age
- 31
- Household income
- $1,926/wk
- Median rent
- $411/wk
- Median mortgage
- $1,900/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Southbank price trend
Median sold · Unit 2 bed
Compound growth -1.6% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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