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About this property
3504/245-251 CITY ROAD, SOUTHBANK Rare opportunity! This fully furnished 2-bedroom, 2-bathroom apartment in the prestigious Palladium Tower generates approx. $45,000 net Airbnb income p.a. (2023-24 figures). A ready-made, hassle-free investment! On level 35, it offers open-plan living, Miele kitchen, hardwood floors, plush carpets, queen-sized bedrooms with robes, master ensuite, Euro laundry, A/C, and floor-to-ceiling windows. Balcony, internet, and all furniture included-just move in! Lifestyle & Location: Woolworths on the ground floor, steps to Crown, South Melbourne Market, Southbank dining, CBD, and multiple tram lines/Flinders St Station. Amenities: 24-hr concierge, secure entry, infinity pool, sauna, gym, BBQ terrace, private theatre, and function rooms with skyline views. Exclusive Amenities Secure entry, intercom & 24-hour concierge Massive fitness centre, infinity pool, & sauna (levels 40-41) Landscaped BBQ area & function rooms with impressive city skyline views (level 9) Love movie nights! Book the Private Theatre and invite friends and family. Really successful Airbnb investment, this high-demand property is perfect for investors or city-lifestyle seekers. Outgoings & Rental Info Available on Request For all details, please refer to the Contract of Sale Deposit Terms: 5 % or 10% of the purchase price Preferred Settlement: 30/60/90 days All inspections are by appointment only Please register or call Kim or Nick to arrange your personal inspection! PHOTO ID REQUIRED AT OPEN FOR INSPECTIONS! Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary to satisfy themselves of any pertinent matters.
Property Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 2
- Bathrooms
- 2
- Land Area
- 6 ha
- 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.
Schools near Southbank
- South Melbourne Primary Schoolprimary · Prep-6 · CoEd
- Victorian College Of The Arts Secondary Schoolsecondary · 7-12 · CoEd
What's nearby
- City Road/Queens Bridge Street (bus) — 39 m away
- Woolworths Metro — 39 m away
- Boyd Community Park — 170 m away
- Unnamed — 307 m away
- Unnamed — 348 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
Suburb-wide medians from sold listings — a guide to the area, not this specific property.
Full Southbank marketSide-by-side analysis
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