{"Slug":"other-438-58-franklin-street-melbourne-vic-3000","CanonicalUrl":"https://realsearch.com.au/other-438-58-franklin-street-melbourne-vic-3000","Address":"438/58 Franklin Street, Melbourne, Vic 3000","Suburb":"Melbourne","State":"VIC","Postcode":"3000","PropertyType":"Other","Status":"For Sale","Headline":null,"Description":"Opportunities like this don’t sit around for long. Positioned in one of Melbourne’s busiest precincts, this secure car space delivers immediate income and long-term value in a market where parking is consistently in short supply.Level 4: Lot 438Why this is a smart buy:- Potential private rental yield of $260–$290 per month - Leased at $227/month until September 2026 – earn from day one- Enjoy secure, 24/7 access whenever you need it- Ultra-central location just moments from Queen Victoria Market, RMIT, Melbourne Central & major transport links- Strong ongoing demand from residents, students, and CBD workers- Low-maintenance, hassle-free investment with reliable returnsWith CBD parking becoming increasingly scarce and expensive, assets like this continue to grow in appeal for both investors and future owner-occupiers.Lock in consistent income now, with the flexibility to use or re-lease later.Act quickly, tightly held car spaces in this location are rarely available.","YearBuilt":null,"LandArea":null,"Price":{"Currency":"AUD","Amount":null,"Display":"$35,000 - $38,000"},"Bedrooms":"1","Bathrooms":"1","Parking":"1","Features":[{"Name":"Bedrooms","Value":"1"},{"Name":"Bathrooms","Value":"1"},{"Name":"Carports","Value":"1"}],"Inspections":[],"Auctions":[],"TimeZone":"AUS Eastern Standard Time","Latitude":-37.80776941,"Longitude":144.96096404,"Agent":{"Name":"Jen Lin Lau","CanonicalUrl":"https://realsearch.com.au/agent/jen-lin-lau-2"},"Agency":{"Name":"MICM Real Estate - SOUTHBANK ","CanonicalUrl":"https://realsearch.com.au/agency/micm-real-estate-southbank"},"CreatedAt":"2026-05-15T08:49:28.3168751","UpdatedAt":"2026-05-15T08:49:28.7499974"}