708/7 Yarra Street, South Yarra, Vic 3141

For Sale

708/7 Yarra Street, South Yarra, Vic 3141-Image

708/7 Yarra Street, South Yarra, Vic 3141

$300,000-$330,000

Apartment

Type

Bedrooms

Bathrooms

Published on Thursday, August 13, 2026 ( See property details for 708/7 Yarra Street, South Yarra, Vic 3141)

$300,000-$330,000

Jensen Woo - Real Estate Agent - JWC PROPERTY GROUP

Jensen Woo Director

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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 modern, low-maintenance one-bedroom apartment in the heart of South Yarra, offering secure income through a long-term lease with an established hotel operator.

🏡 Property Highlights

Secure lease with established hotel operator
Prime South Yarra location near Chapel Street and South Yarra Station
Low-maintenance apartment ideal for investors
Attractive rental yield of approximately 8.1%
Recently refurbished property
Long-term 5-year lease with fixed expiry in August 2029

✨ Key Features

Built-in Robes
Open-Plan Living
Security Screens / Gates
NBN / High-Speed Ready
Fully fenced
Internal Laundry
Floorboards
Pet-Friendly
Alarm system
Water tank

Suburb and Property Insights of South Yarra, VIC 3141

South Yarra is Melbourne’s vibrant inner-city suburb renowned for its trendy shopping, dining, and entertainment options. It offers excellent transport links, proximity to the Yarra River, and a highly desirable lifestyle. The area boasts a mix of luxury apartments and historic homes, making it ideal for investors and residents alike. With its strong rental demand and ongoing development, South Yarra remains one of Melbourne’s most sought-after locations.

Frequently Asked Questions

What are the ongoing costs associated with this property?

As an investor, you should consider strata fees, council rates, and potential maintenance costs. The current lease also includes property management fees if applicable.

Is the property suitable for short-term or long-term tenants?

This property is leased to Punthill Yarra, a hotel operator, making it ideal for long-term income security through a corporate lease arrangement.

What is the condition of the apartment following refurbishment?

The apartment has been recently refurbished, ensuring modern finishes and a contemporary living space that meets current standards.

Are there any restrictions or covenants on the property?

The property is part of a strata scheme, and any restrictions or covenants would be detailed in the strata by-laws or title documentation.

What are the nearby amenities and transport options?

The property is conveniently located close to Chapel Street, Toorak Road, South Yarra Station, and the Yarra River, providing excellent access to shopping, dining, and public transport.

What to ask about this property to agent?

Are there any upcoming strata or building works planned that could affect the property or strata fees? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any restrictions on sub-leasing or future lease transfers? What are the total costs involved in maintaining the property, including strata and council rates? Are there any planned developments or zoning changes in the vicinity that could impact property value or lifestyle?

708/7 Yarra Street, South Yarra, Vic 3141 - More Details

$300,000-$330,000

An outstanding opportunity for investors seeking secure, low-maintenance income in one of Melbourne’s most sought-after inner-city locations.

Positioned in the heart of South Yarra, this recently refurbished property is securely leased to Punthill Yarra, providing investors with consistent rental income backed by an established hotel accommodation operator.

Investment Highlights:

Price Guide: $300,000–$330,000
Current rental income: approximately $24,445 per annum
Attractive rental yield of approximately 8.1%
Secure 5-year lease
Lease commenced 5 August 2024
Lease expiry 4 August 2029
Established hotel accommodation operator
Consistent rental payment history
No need to source or manage a residential tenant
Prime South Yarra location close to Chapel Street, Toorak Road, South Yarra Station and the Yarra River

The tenancy ledger confirms the current monthly rent of $2,037.06, effective from 5 August 2026.

Offering an attractive rental return, secure lease and highly sought-after South Yarra location, this is an ideal set-and-forget investment for buyers focused on reliable cash flow and long-term income security.

Private Inspection Only

For further information or to arrange a private inspection, please contact: Jensen Woo 0434 262 188

Type: Apartment
Bedrooms: 1
Bathrooms: 1

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Jensen Woo

708/7 Yarra Street, South Yarra, Vic 3141

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