For Sale

309/408 Lonsdale St, Melbourne, Vic 3000

$220,000

Studio

Type

Bathrooms

Published on Thursday, November 05, 2026 ( See property details for 309/408 Lonsdale St, Melbourne, Vic 3000)

$220,000

View the agent price guide.

ST Hew Senior Sales Executive

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309/408 Lonsdale St, Melbourne, Vic 3000 - More Details

$220,000

An exceptional opportunity for investors seeking attractive rental returns and an affordable entry into Melbourne's CBD property market. Generating an approximate 10.7% gross rental return, this fully furnished studio apartment offers an appealing investment proposition, with an existing lease of $1,955 per month secured until January 2027, providing established rental income.

Immaculately presented and designed for easy maintenance, the apartment features a well-appointed kitchen, practical open plan layout, large windows providing abundant natural light and a private bathroom. The furnished offering further enhances its convenience and rental appeal.

Investment Highlights:
• Approximately 10.7% gross rental return
• Lease secured until January 2027
• Existing rental income of $1,955 per month (potential rental uplift for higher yield after January 2027)
• Fully furnished and immaculately presented
• Functional, low maintenance studio layout
• Secure building entrance

Unbeatable CBD Convenience:
• Moments from Melbourne Central and Queen Victoria Market
• Close to RMIT University and Melbourne University
• Easy access to train stations and public transport
• Walking distance to Flagstaff Gardens, Bourke Street Mall and Melbourne's major shopping and dining precincts

With an established tenancy, attractive rental yield and sought after CBD position, this property presents a compelling opportunity for investors prioritising rental income and a manageable investment in Melbourne's inner city market.

Attractive returns. Established rental income. Prime CBD location. An investment opportunity not to be missed!

*Inspection by Appointment Only.

Type: Studio
Bathrooms: 1
House Size: 31 m²

Price guide

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Carlton Gardens Primary School Zone Government primary school, Prep-6, co-ed
University High School Zone Government secondary school, 7-12, co-ed

Other schools nearby

Schools within about 5 km that have no enrolment zone, such as Catholic, independent, special and selective schools.

Sacred Heart School Catholic primary school, Prep-6, co-ed
St Joseph's School Catholic primary school, Prep-6, co-ed
Galilee Regional Catholic Primary School Catholic primary school, Prep-6, co-ed
Fitzroy Community School Independent primary school, Prep-6, co-ed
Holy Rosary School Catholic primary school, Prep-6, co-ed
St John's School Catholic primary school, Prep-6

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