5009/119 Abeckett Street, Melbourne VIC 3000

High floor, curved façade | CBD skyline outlook | Entry price below valuation | Strong rental yield near 6.5% This unit’s competitive edge is its position within UNO Melbourne—a premium development where a 1-bedroom with study and full-height glazing sits well below the building’s 2-bedroom sales range. For a buyer seeking an entry point into a high-demand CBD address, the listing price under the property’s estimated value creates immediate equity potential. The rental yield, supported by a tenant base with long occupancy tenure, makes it suited to an investor prioritising cash flow over short-term capital growth. The heritage overlay introduces a planning constraint that may limit future redevelopment but has not suppressed demand in this established residential tower. The buyer’s cost is a slower appreciation profile compared to land-rich suburbs. Opportunity lies in the below-estimate entry price and the building’s proven rental absorption—hold for stable income, refinance as equity builds, and avoid overcapitalising on cosmetic upgrades in a standardised floorplan.