1905/45 Clarke Street Southbank VIC 3006

Level 19 with bay views | Brand new premium finishes | 24/7 concierge & Woolworths | Strong rental yield profile This unit presents a competitively strong proposition within the Southbank market, defined by its high-floor aspect delivering rare, protected views across Albert Park Lake and Port Phillip Bay. The recent high-quality refurbishment with Miele appliances and new carpet positions it above older, unrefreshed stock in the building, which itself offers premium amenities like a sky bar and indoor pool. It serves investors seeking high yield and young professionals or downsizers prioritizing views, security, and convenience. The primary decision mechanism is the flood overlay, a tangible risk that may affect future insurance costs and requires verification. The single bathroom configuration, while common, is a functional compromise against some two-bedroom peers. The commercial logic is clear: secure a turnkey unit in a well-serviced tower with a calculated gross rental yield near 8%, targeting capital stability over aggressive growth. Propcred can quantify the precise market valuation against recent sales and detail the specific flood risk implications for due diligence and insurance.