1604/39 Coventry Street, Southbank VIC 3006

Level 16 dual-suite | secure storage at door | elevated Botanic Gardens aspect | future Anzac Station proximity This unit presents a competitively strong proposition within the premium Southbank apartment market. Its higher-floor dual-suite layout is a rarer configuration that prioritises privacy and appeals directly to professional couples or investors seeking quality tenant profiles. The specific advantage of a storage cage on the resident’s level, rather than in a basement, is a genuine convenience differentiator. Its elevated position above the Arts Precinct canopy, with direct parkland views and city backdrop, commands a positional premium over standard mid-level stock, further solidified by the imminent completion of Anzac Station. Proceed with the understanding that its established building status, while professionally managed, may lack the latest finishes compared to newer developments. The primary opportunity lies in securing a well-located, high-amenity unit with a functional edge before the new station fully capitalises into values. This property is best acquired as a long-term hold, either for owner-occupation leveraging its lifestyle appeal or for a stable investment targeting capital growth driven by its irreplaceable aspect and connectivity. Recent comparable sales are limited, with only one historical sale in the same building found: a fourth-floor, two-bedroom unit sold privately in April 2015. While this provides a building benchmark, the nine-year gap and significant floor-level difference render it insufficient for precise current valuation. This absence of direct, recent comparables underscores the importance of a bespoke valuation to justify the listed price against the unit’s specific higher-floor advantages.