208/48 Wellington Parade, East Melbourne VIC 3002

Discover the perfect blend of timeless Art Deco charm and effortless investment appeal with this boutique, fully self-contained studio in the heart of East Melbourne. Perched on an upper level of an iconic heritage building, the apartment enjoys sweeping views across the leafy local neighbourhood, framed by elegant period windows and complemented by a delightful Juliette balcony-an ideal spot to take in the surroundings.

Stylishly appointed, the light-filled interior features an open-plan layout, modern furnishings, a compact yet functional kitchenette, and thoughtful design touches that maximise space and comfort. Its unique character, enhanced by classic architectural details, offers an inviting ambience rarely found in contemporary builds.

Currently secured by a long-term lease to a well-known hotel operator, this property provides an exceptional set-and-forget investment opportunity. With an approximate rental return of $15,326.16 per year-equating to an impressive 8.5 % ROI-this is an outstanding chance to own a piece of East Melbourne history with reliable income from day one.