902/11 Rose Lane, Melbourne VIC 3000

2-bedroom CBD apartment | tenanted until 2026 | strong rental yield | upper west side complex The property offers a rare combination for a Melbourne CBD investor: a secure, long-term tenant locked in until August 2026 at $3,010 per month, providing immediate and predictable cash flow. The 52m² internal footprint on level 9 is functional rather than spacious, but the building’s gym, pool, and alarm system add genuine lifestyle appeal that supports tenant retention. For a buyer seeking passive income without vacancy risk, this unit’s tenancy structure and central location serve as a competitive edge in a market where short-term leases dominate. The primary risk is the fixed below-market rent, as current market estimates suggest $610–$710 weekly versus the tenant’s effective $695 weekly—leaving limited upside until 2026. Quarterly body corporate of $1,330 is moderate for a full-facility building, but buyers should verify any upcoming special levies. The heritage overlay and absence of bushfire or flood concerns reduce insurance and compliance surprises. Opticomm fibre and 5G coverage are supporting conveniences, not decisive factors. For a buyer, this property works best as a hold-and-collect strategy; refinancing or selling before the lease expires may be premature given the locked rental income.