4616/228 La Trobe Street, Melbourne VIC 3000

46th-floor south-facing river views | 73m² internal with premium finishes | tenanted at $1,050/week | Aurora building’s extensive amenities The property’s competitive strength lies in its combination of size, view, and tenancy yield. At 73m² internally, this unit is larger than many new CBD apartments, and the south-facing aspect over the Yarra and gardens is a configuration rarely available at this level. The existing month-to-month lease at $1,050 per week offers an immediate income stream for an investor, while the building’s cinema, gym, pool, and lounge rooms add lifestyle appeal for a professional owner-occupier. The open-plan layout with Miele appliances and timber flooring is consistent with a well-considered interior that supports both rental demand and resale interest. The primary risk is the listing price range of $700,000–$750,000 sitting well above the estimated $599,000 valuation, which may indicate an overhang from vendor expectations. The south-facing orientation, while offering views, yields less natural light than north-facing units, potentially narrowing appeal among owner-occupiers. The month-to-month tenancy provides flexibility but also leaves the buyer exposed to vacancy if the tenant vacates. The building’s age and high-rise strata fees should be verified, as they can erode net yield. The opportunity is to negotiate toward the lower end of the range, leveraging the valuation gap and the absence of recent comparable sales to secure a discount.