1740/474 Flinders Street, Melbourne VIC 3000

Property Details: • Type: Apartment / Unit / Flat

• Bedrooms: 1 • Bathrooms: 1

Description: Phone Enquiry ID: 234762 Positioned on the 17th floor and filled with natural north-west light, this spacious one-bedroom apartment presents an outstanding opportunity to secure a high-performing investment in the heart of Melbourne CBD. With an internal area of approximately 68sqm, the apartment offers proportions rarely seen in newer city developments. From its elevated position, the living area enjoys open views across the Yarra River, Port Phillip Bay and the surrounding city skyline, creating a bright and appealing space that tenants consistently seek. Designed with practicality and comfort in mind, the layout provides generous storage and clearly defined living zones key features that support strong long-term rental demand. Property features include: * Spacious 68sqm internal floorplan * King-size bedroom with separate walk-in robe * Large bathroom with full bathtub and European laundry * Functional U-shaped kitchen with extensive bench space * Rare walk-in pantry providing excellent storage * Generous open-plan living and dining area * Dedicated study zone ideal for work-from-home tenants * North-west orientation delivering excellent natural light and sunset views from the 17th floor Prime CBD Location The apartment is positioned within one of Melbourne's most convenient inner-city pockets. Both Southern Cross Station and Flinders Street Station are within comfortable walking distance, while trams just moments away operate within the Free Tram Zone. Residents are surrounded by some of Melbourne's well-known dining and hospitality venues including Waterside Hotel, State of Grace, and QT Rooftop. The Yarra River promenade, Crown entertainment precinct, museums, galleries and shopping are all within easy reach, making this a highly desirable location for tenants and city residents alike. Flexible Investment Potential The property offers strong flexibility for investors and is well suited to both long-term leasing and furnished short-stay accommodation. Comparable apartments in the area are currently achieving around $650 per week, representing an estimated ~7% gross rental yield. Short-stay accommodation is also active within the building, with several listings advertising nightly rates in the range of approximately $250$350 per night, depending on season and occupancy levels. Investor Snapshot * Estimated long-term rental: ~$650 per week * Approximate gross yield: ~7% * Short-stay listings in the building advertising $250$350 per night * Highly walkable CBD location near major transport hubs * Solid 1990s construction known for generous apartment sizes * Healthy mix of owner-occupiers and investors Outgoings (approx.) * Owners Corporation: $550 per quarter * Council Rates: $252 per quarter * Water Rates: $185 per quarter Please note that the property does not have a balcony or a parking spot. The building does not have common areas such as pool, gym or sauna (which is why strata levies are budget-friendly). Virtual inspections and contract documentation can be arranged for interstate or overseas buyers.