4707/7 Riverside Qy, Southbank VIC 3006

47th floor north-facing Eureka | 127m² with study and car space | rare non-stacker parking in Southbank | premium amenity building This property occupies a genuinely rare position in Southbank: a full-sized two-bedroom floorplan at 127 square metres with a dedicated study, combined with a non-stacker car space—both increasingly scarce in newer towers. The north-facing orientation on the 47th floor delivers consistent natural light and unobstructed city views, which typically command a premium over south or west aspects in this market. For a buyer seeking a long-term hold or a high-yield rental, the combination of building amenities, floor-to-ceiling glazing, and separate laundry adds practical appeal that smaller one-bedroom-plus-study units cannot match. This suits an owner-occupier wanting space and light, or an investor targeting the corporate tenant demographic who value parking and building prestige. The primary risk is the gap between the current asking range and the estimated market value, which suggests the vendor may need time to adjust expectations. The flood overlay is a due diligence item but rarely affects financing or insurance materially in high-rise buildings. The 2012 purchase date indicates potential for significant capital gains if bought near the lower end of the range, though recent Southbank sales data is incomplete. Rental income of $1,135 to $1,325 per week provides a solid buffer against holding costs. Buy at the lower end of the range and hold for income, or negotiate hard if seeking a flip—this is a hold property, not a trade.