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807/33 City Road, Southbank$499,000
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For Saleapartment

807/33 City Road

Southbank, VIC 3006, Australia
$499,000
2 bed 1 bath 1 car75 m²

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About this property

This impressive apartment is situated on level eight offering a quiet South/Easterly position. This two-bedroom property measures 75 square meters internally with views facing Melbourne's Arts Centre Spire and beyond. The two spacious bedrooms offer built in robes with main bedroom also providing a Juliette balcony. Add to this, a fully equipped open plan kitchen/ dining and lounge area and a fully appointed bathroom with laundry facilities. To top it off one secure under cover car park is on title. The property offers a heated pool, sauna, spa, gymnasium, sun deck, restaurant and bar, good security, and is in a prime location in the heart of Melbourne's Arts precinct, Crown Entertainment complex and the CBD just a short walk over the Yarra River. The apartment is currently leased to the Mantra Group until January 2027, with a lease termination option for owners by simply providing 90 days notice to vacate to Mantra. This lease also offers a 14 day Owner's Use clause. A perfect set and forget investment or primed for your own short stay accommodation. IMPORTANT INFORMATION: Annual Rent: $44,135 (FY 2025-2026) Return: 8.8% Gross Lease: Until January 2027 Options: Nil Internal Size: 75 sqm Owners Use : 14 Days per year. Lease Termination : 90 Days Notice Approximate Outgoings: Owners Corp Admin Fees: $6,316 pa O C Maintenance Fund: $2,120 pa Council Rates: $1,788 pa Water Rates: $730 pa Inspection is by private appointment. For further details please contact: Nick Walters of Kingsford Property - The Apartment Specialists Mob: 0438 557 885 nick@kingsfordproperty.com.au Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
75 m²
Listed
1 week ago

Repayment calculator

$2,419/month
$1,210 /fortnight
Loan $399,200 at 6.10% over 30 years

Upfront costs

Deposit$99,800
Stamp duty$25,010
Conveyancing (est.)$2,000
Total upfront$126,810
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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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 $682,500 median of 69 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)748 m away
  • Unnamed597 m away
  • Unnamed207 m away
  • Unnamed215 m away
  • Unnamed218 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

$605kcurrent median

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Price history

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