401/39 Coventry Street Southbank VIC 3006

2-bedroom, 2-bathroom, 1 car space | Level 4, 77sqm | No bushfire or flood risk | High rental yield building | Not currently listed. This unit offers a rare combination of a full two-bedroom, two-bathroom configuration with a car space in a building where comparable units show a clear rental yield advantage. The 77sqm internal area is generous for a Southbank apartment, and the building’s rental yields of 6% to nearly 10% signal strong tenant demand. For an owner-occupier, the floorplan and car space provide genuine livability; for an investor, the yield potential is the primary draw. The property suits a buyer seeking a stable, low-risk entry into a well-located precinct with proven rental performance. The primary risk is the lack of capital growth momentum in this building, as evidenced by two comparable units holding for 15 years with negative annual growth. This suggests the property is better suited as a long-term hold for cash flow rather than short-term appreciation. The opportunity lies in the building’s high rental yields, which can offset holding costs and provide a buffer against market softness. If buying, treat this as an income-producing position and monitor the broader Southbank market for a shift in growth dynamics before expecting capital gains.