3212/120 Abeckett Street, Melbourne VIC 3000

CBD 1-bed | Level 32 views potential | High rental yield | No overlays | Sought-after complex This unit presents a competitively priced entry into a well-regarded CBD complex, with its high floor offering potential panoramic views that are rare at this price point. The configuration, featuring separate living and dining zones, enhances livability over standard studio layouts. It serves investors seeking strong yield, evidenced by its current rental listing aligning with high demand, and suits owner-occupiers wanting a low-maintenance city foothold with access to top-tier schools. The primary risk is the absence of recent comparable sales data, making precise valuation difficult and exposing you to market sentiment at auction. The lack of a confirmed NBN connection is an operational cost to verify. However, the implied gross yield near 10% is compelling commercial logic. Acquire at the lower end of the guide for a hold-and-rent strategy, as capital growth relies heavily on broader CBD apartment market performance, which this unit’s specific advantages partially mitigate.