202/48 Wellington Parade

WALK TO THE MCG, MELBOURNE PARK, FITZROY GARDENS, THE TAN AND MELBOURNE CBD. COMMUNAL ROOFTOP TERRACE WITH STUNNING CITY VIEWS. Beautiful studio apartment with kitchenette, sitting and dining area, built-in desk, ensuite-style bathroom and a front-facing Juliet balcony overlooking Weedon Reserve. Positioned within one of Melbourne's most prestigious and tightly held inner-city precincts, East Melbourne is renowned for its heritage character, tree-lined boulevards and immediate proximity to the CBD. Widely regarded as one of Melbourne's premier residential and investment locations, the suburb offers exceptional connectivity, lifestyle amenity and long-term investment appeal. Ideally located on Wellington Parade, this property is within easy walking distance of the MCG, Melbourne Park, AAMI Park, Fitzroy Gardens, The Tan and Melbourne CBD. Residents and guests also enjoy convenient access to Federation Square, Flinders Street Station, world-class dining, sporting and entertainment venues. The building further benefits from a communal rooftop terrace with panoramic views across Melbourne CBD, Richmond and surrounding suburbs, creating a highly desirable accommodation offering in one of Melbourne's most sought-after blue-chip locations. Lease Details Current Income: $415 pw | $21,583 pa Yield 7.57% Gross | 6.18% Net Annual Increase 4% Fixed Increase Rental Increases: August 2026= $21,583 pa - 7.57% gross Lease Term To 05/08/2027 + 3 x 5 Year Options Market review scheduled for August 2027. Net returns do not include future capital works or additional government taxes associated with property ownership. Approximate Owner Outgoings: Council Rates: $1123.00 per annum Water Rates: $990 per annum Body Corporate Administration Fee: Paid by tenant Body Corporate Sinking Fund: $1850 per annum Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. Disclaimer. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.