506/547 Flinders Lane, Melbourne VIC 3000

Phone Enquiry ID: 232211

Stylish Two Bedroom City Apartment with High Rental Yield
This modern two-bedroom apartment is perfectly located in a vibrant pocket of Melbourne, just a short walk to Woolworths, Coles, Southern Cross Station, and the Yarra River. Enjoy all the energy of city living while nestled in a rare, peaceful spot close to cafes, restaurants, and major public transport.
Features:
Newly renovated: Brand new flooring and countertops throughout


Flexible bedrooms: Both with built-in closets and desks; one features a unique loft bed for extra storage and workspace


Spacious balcony: Ideal for outdoor relaxation or laundry


Open-plan living: Contemporary interiors, high-quality finishes, and modern kitchen with ample storage


Comfortable bathroom: Well-appointed with sleek fixtures


Lifestyle amenities: Secure building with swimming pool, gym, and welcoming communal spaces


Investment Highlights:
Currently rented at $32,589.29/year (~8.2% gross yield, 6.4% net yield), well above fixed deposit returns
Body Corp $1410 per quarter
Council Rates $212 per quarter
Water Rates $187 per quarter

There are no known special levy and no cladding issue currently.
Lease ends January; two student tenants keen to renew


Consistently strong rental demand in this central location


The Location:
Quiet yet ultra-convenient: just minutes to major supermarkets, transport, and the Yarra’s scenic walking trails
Contact:
Call to book your inspection (unit is tenanted, private viewings only).