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Endless Options in Enviable Location For Sale
Endless Options in Enviable Location Endless Options in Enviable Location

Units 1-7/36 Albion Street, South Yarra, VIC, 3141

Endless Options in Enviable Location

Block Of Units
Type
7
Bedrooms
7
Bathrooms
5
Parkings

Last updated on Saturday, March 21, 2026 ( See property details for Units 1-7/36 Albion Street, South Yarra, VIC, 3141)

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

A rare inner-urban opportunity comprising seven apartments in a highly sought-after South Yarra location, ideal for investment or redevelopment.

🏡 Property Highlights

  • Prime location just a short walk to South Yarra's top attractions
  • Seven well-maintained apartments, including one-bedroom and studio units
  • Currently generating a lucrative rental income of approximately $136,000 per annum
  • Ideal for investment or redevelopment (STCA) for a luxury home or boutique development
  • Close to public transport, Prahran Market, Chapel St, and Fawkner Park
  • Land size of approximately 377sqm offering versatile development options

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • Home Office / Study
  • Balcony
  • Dishwasher
  • Air Conditioning
  • Extra Storage (Shed/Linen)

South Yarra is a vibrant inner-city suburb renowned for its trendy shopping, dining, and entertainment options. It offers excellent public transport links, proximity to parks like Fawkner Park, and a strong rental demand. The area is perfect for investors and developers seeking a dynamic lifestyle and high-growth potential. With its mix of heritage and modern amenities, South Yarra remains one of Melbourne’s most desirable locations.

What is the current rental income and potential for future growth?
The property currently generates approximately $136,000 per annum in rental income, with strong potential for future growth given the high demand in South Yarra.
Can the property be redeveloped into a luxury home or boutique development?
Yes, subject to council approval (STCA), the site offers excellent potential for a new luxury residence or boutique development.
What amenities and attractions are nearby?
The property is close to Prahran Market, Chapel Street shopping and dining precinct, Fawkner Park, and excellent public transport options.
Is the property suitable for investment purposes?
Absolutely, with a strong rental income and location in high demand, this property is an excellent investment opportunity.
What are the options for future development or renovation?
The site provides flexibility for redevelopment or renovation, allowing for a custom-designed home or boutique development, subject to planning approvals.
Are there any zoning restrictions or planning overlays that could affect redevelopment plans? What are the potential costs for strata or body corporate fees, if applicable? Are there any easements, covenants, or restrictions on the land? Has the property been affected by any flooding or bushfire risks? Are there any upcoming planning or construction projects nearby that could impact the property? What are the current council rates and any additional levies? Is there any history of structural defects or maintenance issues with the apartments? Are there any hidden costs associated with the property’s current condition or future redevelopment? What approvals are required for redevelopment or new construction? Is the property compliant with all local building and safety regulations?

Units 1-7/36 Albion Street, South Yarra, VIC, 3141 - More Details

Endless Options in Enviable Location

Nestled within a prized location just a short walk to every South Yarra drawcard, this superb enclave of seven apartments represents a rewarding addition to any investment portfolio or a sensational site to build a new luxury home or boutique development (STCA). Currently leased, the three one-bedroom and four studio apartments are in ideal condition to continue as a lucrative income generator in a highly coveted inner urban location close to public transport, Prahran Market, Chapel Street, Commercial Road and Toorak Road shops and eateries and Fawkner Park. Passing rental $136,000 per annum approx. Alternatively, in a quiet, peaceful pocket, the superb site provides the perfect opportunity to make an architectural statement with a new home or boutique development designed to your own requirements and tastes. In a location always in demand, this is an increasingly rare opportunity. Land size: 377sqm approx.
Type
Block Of Units
Bedrooms
7
Bathrooms
7
Parkings
5

Map & nearby places — Units 1-7/36 Albion Street, South Yarra, VIC, 3141

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