1706/35 Malcolm Street, South Yarra VIC 3141

High floor north aspect | Vogue complex quality | Tenant secured to 2027 | Above suburb yield The property’s competitive strength lies in its high-floor north orientation within a well-regarded complex, offering rare panoramic city views that are difficult to replicate in this price band. The existing tenant lease through February 2027 provides immediate income security, and the gross yield exceeding 7% outperforms the suburb median by a clear margin, making this suitable for an investor prioritizing cash flow over short-term capital gain. The 61 m² layout with timber flooring and balcony access is efficient for rental appeal. The primary risk is the absence of recent comparable sales data for this specific unit, leaving valuation uncertain against the current price guide. The buyer pays for a premium view and tenant in place, which may compress future capital growth if the market softens. The opportunity is a stable hold with above-market rental return, and the property should be managed as a long-term income asset rather than a flip.