42 Darling Street, South Yarra, Vic 3141

Block Of Units
Type
24
Bedrooms
12
Bathrooms
12
Parkings

Published on Friday, September 04, 2026 ( See property details for 42 Darling Street, South Yarra, Vic 3141)

EOI Closing 6 Oct 3.30pm $7,300,000 - $8,000,000

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

An exceptional investment opportunity in South Yarra offering twelve strata-titled two-bedroom apartments with established income and flexible future options.

🏡 Property Highlights

  • Fully leased investment with immediate income stream
  • Twelve individually strata-titled two-bedroom apartments
  • Prime South Yarra location with excellent walkability
  • Flexible investment options: hold, enhance, or sell individually
  • Spacious split-level layouts with private balconies
  • Close to South Yarra Station, Toorak Road, and the Yarra River

✨ Key Features

  • Built-in Robes
  • Outdoor Area
  • Garage
  • Open-Plan Living
  • Balcony
  • Ensuite
  • Security Screens / Gates
  • Internal Laundry
  • Pet-Friendly
  • Waterfront / Views

South Yarra is a vibrant, highly sought-after Melbourne suburb renowned for its excellent walkability, diverse dining and retail precincts, proximity to the Yarra River and Royal Botanic Gardens, and strong rental demand. Its central location offers easy access to public transport, making it ideal for both tenants and investors seeking a dynamic lifestyle and long-term growth potential.

What is the current occupancy status of the apartments?
Eleven of the twelve apartments are currently leased, providing an immediate income stream.
Can the apartments be sold individually in the future?
Yes, each apartment is separately strata-titled, allowing for staged sale or individual ownership if desired.
What are the key features of the apartments?
Each residence features spacious split-level layouts, two bedrooms with built-in robes, private balconies, and undercover car spaces.
Is there potential for future development or enhancement?
Yes, the property offers flexibility to hold, improve, or sell the apartments individually over time.
What amenities and transport options are nearby?
The property is within walking distance to South Yarra Station, Toorak Road, the Yarra River, Royal Botanic Gardens, and local dining and retail precincts.
Are there any additional costs or strata fees associated with the apartments? Have all necessary approvals and compliance requirements been met for the strata titles? Are there any existing or potential zoning restrictions or easements affecting the property? What is the condition of the building and apartments, and are there any known defects? Is there any ongoing or planned development nearby that could impact the property? Are there any flood or bushfire risks in the area? What are the terms of the current leases, and are there any lease renewal considerations? Are there any restrictions on future modifications or renovations to the apartments? Is the property part of a strata or body corporate, and what are the associated responsibilities? Are there any upcoming maintenance or special levies expected for the building?

42 Darling Street, South Yarra, Vic 3141 - More Details

EOI Closing 6 Oct 3.30pm $7,300,000 - $8,000,000

Expressions of Interest Closing Tue 6 Oct 3.30pm.

An entire South Yarra apartment building offered as a whole, 42 Darling Street presents an exceptional opportunity to secure twelve individually strata titled, two bedroom apartments in one of Melbourne's most consistently sought after rental locations. Eleven of the twelve are currently leased, providing an established income stream from day one, together with the flexibility to hold, enhance or progressively sell the apartments individually over time.

Each residence follows a split level two bedroom format, with spacious living and dining, kitchen, private balcony, double bedrooms with built in robes and its own undercover car space. The individual titles add another dimension to the investment, giving a purchaser the freedom to retain the building as a substantial residential holding or consider a staged sell down in the future.

South Yarra Station and Toorak Road are within an easy walk, with the Yarra River and its walking and cycling trails, the Royal Botanic Gardens and South Yarra's extensive dining and retail precinct all close at hand. Excellent transport and exceptional walkability continue to underpin strong tenant demand in this tightly held inner Melbourne location.

Hold the twelve, progressively enhance them or sell individually over time. With eleven apartments currently leased, twelve strata titles and a position that continues to attract renters and owner occupiers alike, 42 Darling Street presents a substantial South Yarra investment with income, flexibility and genuine long term potential.

Type
Block Of Units
Bedrooms
24
Bathrooms
12
Parkings
12

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Inspections times

  • Inspection Sat 12 Sep 9:30 am

    Saturday 12 September
    9:30 am - 10:00 am
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