76/151 Fitzroy Street, St Kilda VIC 3182

Spacious 1-bed with car space | Secure lease til 2027 | Pool, gym, lift | Quiet elevated position on Fitzroy Street This apartment is competitively rare for St Kilda because it combines a generous 65sqm floorplan with a car space, storage, lift access, and full building amenities like an indoor pool and gym — features typically found in higher-end stock rather than standard one-bedroom units. Its elevated position within the Majestic building provides a quiet retreat from Fitzroy Street’s activity, while the Mediterranean-inspired piazza setting adds lifestyle appeal. The property is best suited to an investor seeking a secure, leased holding until 2027 with a circa 5% return, or an owner-occupier wanting walkable beach, tram, and dining access without sacrificing space or amenity. The secure lease and its fixed term may cap immediate vacancy risk but could also limit flexibility for an owner wanting to occupy soon. The refurbished kitchen and split-system air conditioning are current, but the building’s age and ongoing body corporate costs for the pool, gym, and lift might affect net yield over time. The apartment’s quiet internal position is a strength, though Fitzroy Street’s broader environment — visitor traffic and nightlife — could influence future buyer sentiment. These factors should be weighed when forming a view on price.