515/11 David Street, Richmond, Vic 3121 - More Details
$900,000 - $950,000
Space to Live, Income to Invest || A Richmond Opportunity Worth Exploring
With generous proportions, contemporary design, and immediate rental income, discover the flexibility of inner-city living at 515/11 David Street, Richmond.
Located in the sought-after Supply Co development, this impressive two-bedroom, two-bathroom apartment offers approximately 83.32 m² of internal space, two secure car spaces, and a dedicated study nook, combining practical comfort with modern urban convenience.
Whether you're searching for your next investment or planning your future home, this residence offers an appealing opportunity in one of Melbourne's most established inner-city suburbs.
Generous Space Designed for Everyday Living
Step inside to discover a thoughtfully arranged floor plan with a separate living area, dedicated dining space, and a functional kitchen.
Two well-proportioned bedrooms, including a generous main bedroom, are complemented by two bathrooms, providing privacy and practicality for couples, professionals or those sharing.
A dedicated study nook offers flexibility for working from home, while the apartment's outdoor connections enhance its contemporary design.
With approximately 83.32 m² of internal space, the apartment offers room to live, work and unwind.
Invest Today, Plan for Tomorrow
Currently tenanted at $3,563 per month until March 2027, the property provides an immediate rental income opportunity for investors.
With annualised gross rental income of $42,756, investors benefit from an established tenancy, while future owner-occupiers can plan ahead for a potential move after the existing lease ends, subject to applicable tenancy requirements.
Property Highlights
- Approximately 83.32 m² of internal living space
- Two generously proportioned bedrooms
- Two bathrooms
- Two secure car spaces
- Separate living and dining areas
- Dedicated study nook, ideal for working from home
- Contemporary Supply Co development
- Access to residents' communal facilities
- Current rental income of $3,563 per month
- Annualised gross rental income of $42,756
- Existing tenancy until March 2027
[Richmond Lifestyle at Your Doorstep]
Enjoy the convenience of having Victoria Gardens Shopping Centre nearby, alongside Richmond's celebrated cafés, restaurants and retail precincts.
Explore the picturesque Yarra River walking and cycling trails, discover the dining and shopping along Bridge Road and Victoria Street, or take advantage of convenient public transport connections to Melbourne's CBD.
Combining inner-city accessibility with established neighbourhood character, Richmond continues to appeal to residents seeking convenience and lifestyle.
One Address. Two Opportunities.
For investors: An established tenancy, immediate rental income and a convenient inner-city location.
For future homeowners: Generous internal space, two car spaces, a practical floorplan and the opportunity to plan your next chapter in Richmond.
A versatile property offering lifestyle appeal today and possibilities
- Type
- Apartment
- Bedrooms
- 2
- Bathrooms
- 2
- Parkings
- 2
- Study
- 1
