438/58 Franklin Street, Melbourne, Vic 3000

For Sale

438/58 Franklin Street, Melbourne, Vic 3000

$35,000 - $38,000

Other

Type

Bedrooms

Bathrooms

Parkings

Published on Friday, May 15, 2026 ( See property details for 438/58 Franklin Street, Melbourne, Vic 3000)

$35,000 - $38,000

View the agent price guide.

Jen Lin Lau - Real Estate Agent - MICM Real Estate - SOUTHBANK

Jen Lin Lau Sales Manager, Licensed Estate Agent & Auctioneer

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Giorgios Papastratis - Real Estate Agent - MICM Real Estate - SOUTHBANK

Giorgios Papastratis Property Manager

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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 secure, low-maintenance car space in Melbourne's CBD offering immediate income and long-term value in a high-demand location.

🏡 Property Highlights

Secure car space in Melbourne's busiest precinct
Immediate rental income with lease until September 2026
Potential private rental yield of $260–$290 per month
Ultra-central location near Queen Victoria Market, RMIT, and Melbourne Central
Strong demand from residents, students, and CBD workers
Low-maintenance and hassle-free investment opportunity

✨ Key Features

Secure Parking
Open-Plan Living
Waterfront / Views
Balcony
Garage
Outdoor Area
Built-in Robes
Air Conditioning
Heating
Open-Plan Living

Suburb and Property Insights of Melbourne, VIC 3000

Melbourne’s CBD is a vibrant hub offering unparalleled access to shopping, dining, education, and transport. Key points include: proximity to Queen Victoria Market, RMIT, and Melbourne Central; excellent connectivity via major transport links; high demand from residents, students, and workers; a thriving commercial and cultural scene; and a secure, central location ideal for investment or owner use.

Frequently Asked Questions

What are the current rental terms and potential income for this car space?

The car space is leased at $227 per month until September 2026, with a potential private rental yield of $260–$290 per month.

Is there scope to re-lease or use the car space for personal use in the future?

Yes, the property offers flexibility to re-lease or use the space personally, depending on your investment plans.

What security features are in place for this car space?

The car space provides 24/7 secure access, ensuring safety and peace of mind.

Are there any additional costs or fees associated with owning this car space?

Potential costs may include strata or management fees, which should be confirmed with the selling agent.

What is the process for transferring the lease or ownership of this car space?

The transfer process involves standard property transfer procedures, which can be facilitated through your legal representative or conveyancer.

What to ask about this property to agent?

Are there any upcoming planning or development proposals in the area that could affect the property's value or accessibility? What are the strata or management fees associated with this car space, and are there any special levies? Is there any history of disputes or issues related to the security or access to the car space? Are there any restrictions or easements affecting the use of the car space? What are the long-term prospects for property value growth in this central Melbourne location? Are there any known structural or compliance issues with the parking facility? Is the lease agreement with the current tenant fully compliant and transferable? Are there any planned infrastructure projects nearby that could impact access or value? What are the terms and conditions for renewing or ending the lease after September 2026? Are there any additional costs for maintenance or upgrades to the parking facility?

438/58 Franklin Street, Melbourne, Vic 3000 - More Details

$35,000 - $38,000

Type: Other
Bedrooms: 1
Bathrooms: 1
Parkings: 1

Price guide

View Statement Of Information

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438/58 Franklin Street, Melbourne, Vic 3000 - Point Of Interest

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Email Enquiry To MICM Real Estate - SOUTHBANK

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Jen Lin Lau

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438/58 Franklin Street, Melbourne, Vic 3000

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