South Yarra block of 12 apartment listed with $6 million plus hopes

The block of 12 apartments is marketed as having a potential annual income of $265,000

South Yarra block of 12 apartment listed with $6 million plus hopes
South Yarra block of 12 apartment listed with $6 million plus hopes

A block of 12 two bedroom units has been listed in one line in South Yarra.

The complex is being marketed for April auction as having a potential annual income of $265,000.

The Darling Street offering has been listed through Bill Cook at Williams Batters with a $6 million to $6.6 million price guide. 

The land holding is 624 sqm.

South Yarra has a $620,000 median price for apartments, according to realestate.com.au, with a compound growth rate of 0.7% for units over the past five years.

The typical South Yarra units rents for $410 a week with a rental yield of 3.4%. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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South Yarra Apartment Development

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