424/181 Exhibition Street, Melbourne VIC 3000

CBD fringe | heritage overlay | dual school zone | furnished rental demand | in-ground pool amenity This unit presents a competitive entry into a tightly held Melbourne CBD fringe location, directly serving investors seeking premium furnished yields and owner-occupiers prioritising school access and pool amenities within a low-maintenance footprint. Its position within a substantial strata lot with no bushfire or flood overlays provides a stable base, while the heritage overlay signals built character but imposes renovation constraints. The property is best suited for a capital-light investor leveraging the documented high rental demand from students and professionals, given its proximity to RMIT and the free tram zone. The primary financial risk is strata levy volatility, common in buildings with extensive amenities like multiple pools, which can erode yield. The commercial opportunity lies in securing the unit below the estimated upper value, banking on the rarity of dual school zoning in the CBD to underpin long-term occupier appeal. Proceed with an offer conditional on a strata report, targeting a hold period of five to seven years to absorb potential levy increases while capitalising on rental upside.