Exceptional Southbank Opportunity – Potential Gross Rental Yield Close to 10%
$260,000 - $280,000
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303/33 Clarke Street Southbank, 3006
An outstanding opportunity for investors and future owner-occupiers, this well-positioned one-bedroom apartment combines an affordable entry point into Southbank with an exceptionally attractive rental return.
Currently leased at $480 per week until February 2027, the property generates approximately $24,960 in annual rental income, representing a potential gross rental yield approaching 10%, subject to the eventual purchase price.
For investors, this means immediate rental income from settlement with an established tenancy already in place. For future owner-occupiers, it offers the opportunity to secure a Southbank property now, receive rental income during the existing tenancy, and potentially make it your own home in the future.
Located within easy reach of Melbourne CBD, Crown Entertainment Complex, South Melbourne Market, public transport, cafés, restaurants and Southbank’s vibrant lifestyle precinct, the location delivers the convenience inner-city buyers and tenants are looking for.
Key Highlights
Potential gross rental yield approaching 10%, subject to purchase price
Currently returning $480 per week
Approximately $24,960 annual rental income
Secure lease until February 2027
Immediate income from settlement
Attractive proposition for yield-focused investors
Future owner-occupier potential*
Affordable entry into the Southbank market
Convenient access to Melbourne CBD
Close to Crown, South Melbourne Market, dining and public transport
Invest now. Earn from day one. Live in it later.
A rare combination of strong rental income, an accessible price point and future owner-occupier flexibility in the heart of Southbank.
*Subject to the existing tenancy and applicable Victorian residential tenancy requirements.
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Qiao Cai
Kyriece Dam
