3507/241-243 City Road, Southbank VIC 3006

Inner-city tower | 35th floor aspect | 2 bed, 1 bath configuration | Strong rental yield signal | Flood overlay present This unit presents a competitively priced entry into the Southbank high-rise market, deriving its primary strength from a projected gross rental yield near 6.4%, which is robust for this locale. The 35th-floor position guarantees views and capitalizes on inferred building amenities like a gym and pool, while the two-bedroom format meets core investor demand. It serves the budget-conscious investor precisely, offering a lower entry point than nearby two-bathroom comparables, though the single bathroom caps its owner-occupier appeal and may moderate capital growth relative to premium configurations. Proceed with the clear risk mechanism of the flood overlay, which necessitates specific due diligence on insurance costs and potential future regulatory impacts. The commercial logic is straightforward: secure this for a hold-and-rent strategy targeting steady income, not for short-term trading or seeking premium capital gains. The judgment is to acquire only if the financials withstand the yield compression from a future bath addition, otherwise it remains a secondary holding in a portfolio.