3501/135 Abeckett Street, Melbourne VIC 3000

High-floor Elenberg Fraser design | compact luxury in Melbourne CBD | strong rental yield suburb | 5G-ready The property’s key advantage is its position on Level 35 within an Elenberg Fraser tower, offering a rare configuration edge in the Melbourne CBD market,floor-to-ceiling windows and a private balcony on a high floor are not common in this price tier. The open-plan layout, stone kitchen, and building amenities like the pool and gym make it a strong option for a professional tenant or owner-occupier seeking a lock-and-leave lifestyle. The suburb’s 7.2% rental yield and 1.2% growth rate suggest the unit suits an investor prioritising cash flow over capital gains. The main risk is the building’s sales history,comparable units sold after 11-year holds at $368,000 to $403,380, indicating limited long-term appreciation. The current asking range sits near recent sales, so there is no immediate discount. Buyers should negotiate firmly toward the lower end. The property is best held for steady rental income rather than short-term flipping, and the lack of heritage or flood overlays keeps holding costs predictable.