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
Jonathan ChancellorApril 18, 2021
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 is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.