2802/241-243 City Road, Southbank VIC 3006

2-bed Southbank apartment | strong rental yield | flood overlay caution | prime inner-city demand | resort amenities This property offers a strong buying case for investors due to its robust rental yield and versatile two-bedroom configuration. Secure parking and resort amenities like pool and gym enhance tenant appeal in competitive Southbank. Its prime position near the CBD and transport ensures sustained demand from professionals and students. For income-focused buyers, this apartment aligns well with cash flow and stability objectives. The flood overlay is a key risk, requiring due diligence on insurance and resale. Southbank’s apartment supply and owners corporation fees from resort facilities may impact returns, but strong rental demand and modern building quality with 5G connectivity provide offsets. Managing these risks through inspection and financial analysis can reveal an opportunity for above-average yield in a prime location.