2704/1 Balston Street

Spectacular Bay Views | Strong Rental Return

2704/1 BALSTON STREET, SOUTHBANK

• Elevated 27th-floor apartment with sweeping views across Albert Park Lake and Port Phillip Bay.
• Currently leased at $580 per week on a month-to-month basis.
• Approximately 7.6%-8.2% gross rental yield based on a purchase price of $370,000-$395,000.
• Recent rental appraisal of approximately $600 per week.
• Spacious open-plan living and dining with floor-to-ceiling windows.
• Private sheltered balcony showcasing spectacular lake, bay and skyline views.
• Stone-finished kitchen with premium Miele appliances and Fisher & Paykel dish-drawer.
• Generous bedroom with mirrored built-in robes and impressive views.
• Modern fully tiled bathroom with stone-topped vanity.
• Ducted heating and cooling, double glazing and a 6.5-star energy-efficiency rating.
• Premium Southbank Central facilities including 24-hour concierge, 25m indoor pool, gym and BBQ terraces.

Positioned high on the 27th floor of prestigious Southbank Central, this beautifully presented one-bedroom apartment combines breathtaking views, modern comfort and outstanding investment appeal. Whether you're looking to expand your property portfolio or secure a stylish inner-city home for the future, this impressive residence delivers an exceptional Southbank lifestyle.

Currently leased at $580 per week on a month-to-month basis, the apartment offers established rental income, with a recent rental appraisal indicating approximately $600 per week. Based on a purchase price of $370,000-$395,000, the existing rental income represents an attractive gross rental yield of approximately 7.6%-8.2% per annum.

The spacious open-plan living and dining area is framed by floor-to-ceiling glass, allowing natural light to fill the apartment while capturing sweeping views across Albert Park Lake, Port Phillip Bay and the surrounding skyline. Sliding doors open to a sheltered private balcony, creating the perfect setting to relax and enjoy the elevated outlook.

The well-appointed kitchen features stone benchtops, quality Miele appliances, an integrated microwave, four-burner gas cooktop and a Fisher & Paykel dish-drawer. The generously sized bedroom enjoys the same impressive views and includes mirrored built-in robes, while the fully tiled bathroom features a contemporary stone-topped vanity.

Additional comforts include a European laundry with washing machine and dryer, ducted heating and cooling, double glazing, recessed downlights, Venetian blinds and additional roller blinds in the bedroom. The apartment also benefits from a 6.5-star energy-efficiency rating.

Residents of Southbank Central enjoy access to an impressive range of facilities, including a 24-hour concierge, secure intercom entry, high-speed lifts, a 25-metre indoor swimming pool, fully equipped gymnasium, residents' lounge and dining areas, and two BBQ terraces.

Perfectly positioned within walking distance of Crown Entertainment Complex, South Melbourne Market, Melbourne Square, the Arts Precinct, Boyd Community Hub and Southbank Promenade, the apartment offers outstanding access to public transport, shopping, dining and Melbourne's CBD.

Offering an appealing combination of lifestyle, location and rental potential, this is an excellent opportunity for investors and future owner-occupiers alike.

Investment Information
• Current Rental Income: $580 per week ($30,160 per annum)
• Tenancy: Month-to-month
• Estimated Rental Return: $600 per week ($31,200 per annum), based on recent rental appraisal
• Gross Rental Yield: Approximately 7.6%-8.2% based on the existing rental income and a purchase price of $370,000-$395,000

Selected Property Outgoings (Approx.):
Council Rates: $1,082.61 per annum
Water Rates: $740.00 per annum
Owners Corporation Fees: $3,754.45 per annum

Contact us today for further information or to arrange an inspection.

Gross rental yields are calculated before expenses and based on the stated purchase price assumptions. Rental estimates are indicative only and are not guaranteed. The property is currently tenanted, and any future owner-occupation is subject to applicable tenancy requirements.