209/181 Exhibition Street, Melbourne VIC 3000

2 bed 2 bath | large private terrace | iconic art deco building | resort-style amenities | central CBD location This apartment offers a configuration that is both functional and differentiated within the Melbourne CBD market. The two-bedroom, two-bathroom layout is standard for the area, but the inclusion of a large private entertaining terrace is a rare and valuable feature that significantly enhances liveability and owner-occupier appeal. The property sits within the Paramount building, an iconic art deco structure that provides a sense of character and prestige often absent from newer high-rise stock. The building’s extensive amenities, including a pool, gym, tennis court, and sauna, further elevate its desirability, making it particularly well-suited for professionals or downsizers seeking a spacious, amenity-rich inner-city home with genuine outdoor space. The property’s value is most materially influenced by its unique terrace and the building’s heritage status, both of which may command a premium over standard CBD apartments. However, the lack of confirmed details on floor level, aspect, and parking means these factors could introduce variability in the final price, as a lower floor or less desirable orientation might temper the premium. The older construction may also involve higher ongoing maintenance costs compared to newer builds, a consideration that should be weighed when forming a view on long-term value.