401/591-593 Elizabeth Street, Melbourne, Vic 3000

For Sale

401/591-593 Elizabeth Street, Melbourne, Vic 3000-Image

401/591-593 Elizabeth Street, Melbourne, Vic 3000

$145K-$155K

Apartment

Type

Bedrooms

Bathrooms

Published on Friday, May 15, 2026 ( See property details for 401/591-593 Elizabeth Street, Melbourne, Vic 3000)

$145K-$155K

View the agent price guide.

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-presented, low-maintenance studio apartment in Melbourne’s CBD, offering strong rental returns and long-term tenant security within a vibrant university precinct.

🏡 Property Highlights

Secure student accommodation investment with fixed tenancy until 2027
Prime CBD location within walking distance to Melbourne University and RMIT
Currently leased at $390 per week, ensuring immediate rental income
Private balcony with urban outlook providing outdoor space
Functional open-plan studio layout with built-in study area
Low-maintenance property ideal for investors seeking hassle-free management

✨ Key Features

Built-in Robes
Open-Plan Living
Outdoor Area / Balcony
Internal Laundry
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Waterfront / Views
Garage / Secure Parking
Home Office / Study Nook

Suburb and Property Insights of Melbourne, VIC 3000

Located in Melbourne’s vibrant CBD, this apartment offers unparalleled access to top universities, public transport, and popular attractions. The area boasts a lively café and restaurant scene, excellent walkability, and a strong demand for student accommodation. Its central position ensures high rental yields and long-term tenant appeal, making it an ideal investment hub. The neighbourhood combines urban convenience with a dynamic lifestyle, perfect for students and investors alike.

Frequently Asked Questions

What are the current rental terms and conditions?

The property is currently leased at $390 per week, with a fixed tenancy agreement until 22 January 2027, providing reliable income for the investor.

What amenities are included in the apartment?

The apartment features a private bathroom, kitchenette, built-in study desk, and a private balcony with urban outlook, all within a secure complex.

Is the property suitable for long-term investment?

Yes, the property offers a stable rental income, a prime CBD location, and long-term tenant security, making it an excellent long-term investment.

What is the condition of the apartment?

The apartment is well-presented with a functional open-plan layout, natural light, and modern fixtures, ideal for tenants and investors.

Are there any additional costs or fees associated with the property?

Potential buyers should inquire about strata fees, council rates, and any other ongoing costs with the selling agent for comprehensive understanding.

What to ask about this property to agent?

Are there any upcoming planned renovations or building works in the complex that could affect living conditions or costs? What are the strata or body corporate fees, and what do they cover? Are there any restrictions or easements affecting the property? Has the property been inspected for structural issues or defects? Is the property located in a flood or bushfire-prone area? Are there any planned developments or zoning changes in the vicinity that could impact the property’s value? What are the long-term vacancy rates in this complex or area? Are there any additional costs for maintenance or repairs not covered by the current lease? Is the property compliant with all relevant building and safety regulations? Are there any noise or disturbance issues from nearby construction or traffic?

401/591-593 Elizabeth Street, Melbourne, Vic 3000 - More Details

$145K-$155K

Type: Apartment
Bedrooms: 1
Bathrooms: 1

Price guide

View Statement Of Information

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401/591-593 Elizabeth Street, Melbourne, Vic 3000 - Point Of Interest

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401/591-593 Elizabeth Street, Melbourne, Vic 3000

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