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507/551 Flinders Lane, Melbourne VIC 3000
507/551 Flinders Lane, Melbourne VIC 3000
507/551 Flinders Lane, Melbourne VIC 3000
507/551 Flinders Lane, Melbourne VIC 3000
507/551 Flinders Lane, Melbourne VIC 3000

507/551 Flinders Lane, Melbourne VIC 3000

Melbourne $380,000
Sell / All / 507/551 Flinders Lane, Melbourne VIC 3000

Rare CBD Opportunity | 2 Bedrooms + Study/Potential 3rd Bedroom | 8.9% Gross Yield

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Perfectly positioned in the heart of Melbourne's vibrant CBD, this spacious apartment offers an outstanding opportunity for investors and owner-occupiers alike.

Featuring two generous bedrooms plus a separate study currently configured as a third bedroom with a sliding door, the flexible floorplan caters perfectly to professionals working from home, growing families, students or investors seeking maximum rental appeal.

Located within the sought-after Flinders Lane precinct, you'll enjoy immediate access to Southern Cross Station, Crown Entertainment Complex, Southbank, Docklands, world-class dining, cafés, shopping and Melbourne's renowned laneway culture.

For investors, the property presents a compelling investment opportunity with a rental appraisal of approximately $650 per week, delivering an attractive gross rental yield of approximately 8.9% based on the asking price of $380,000.

Property Features:

* Two spacious bedrooms

* Separate study currently set up as a third bedroom with sliding door

* Flexible floorplan with excellent accommodation options

* Open-plan living and dining area

* Ideal owner-occupier or investment opportunity

* Rental appraisal of approximately $650 per week

* Approximate gross yield of 8.9%

* Prime Melbourne CBD location

* Walking distance to Southern Cross Station, Southbank and Crown

With a weekly rental appraisal of $600-$650

Whether you're looking for a high-performing investment or an affordable city residence with extra space and flexibility, this apartment represents exceptional value in one of Melbourne's most connected locations.

Agents to get in touch

Genneva Smarrelli
Genneva Smarrelli
0479108855
genneva@collings.com.au
Simon Abbott
Simon Abbott
0410758361
simon@collings.com.au

SUBURB PROFILE

Thornbury Park

THORNBURY

507/551 Flinders Lane, Melbourne VIC 3000

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