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Park Avenue, South Melbourne

Exquisite South Melbourne apartments from just $439,000. Estimated gross yields from 4.97%

Dennis Wong

Dennis Wong

Acquisitions Manager

0432 115 288 | 07 3056 1941

Complete Your Details to Receive a Detailed Information Brief

This is not a contract for the sale and purchase of a property.

Completing this form does not commit you to purchase: this is an expression of interest form that allows the team at Real Estate Investar to contact you about this investment opportunity, answer any questions you may have and if you wish help you to select the unit that best meets your investment preference.

1, 2 and 3 bedroom apartments with 5 star amenities and views of the iconic Albert Park & Royal Botanical Gardens.

Price range $439,000 - $1,300,000

Estimated gross yields from 4.97%

Situated amongst South Melbourne's cultural hub

Construction starts 24 October 2018 and expected completion April 2020

Park Avenue, South Melbourne, Property Overview

Situated less than 100m from St Kilda Road in the heart of South Melbourne's cultural hub, the Park Avenue consists of 133 luxurious one, two & three bedroom residences over 19 levels. 

Each residence enjoys elevated living amongst Melbourne's cultural oasis, with its conceptual integrity defined by New York architecture and a modern Melbourne lifestyle. 

Construction will commence imminently, with completion due in April 2020.

These residences are understandably selling quickly, but there are one, two and three bedroom apartments still available.

Building Details

  • Quality South Melbourne location
  • Metres from St Kilda Road and the new Anzac Train Station
  • Tram Stop right outside
  • Stunning architecture, high quality apartments
  • 5-star living including valet service and aqua retreat & wellness spa
  • Residents wine cellar
  • Open plan living
  • Floor to ceiling windows to accentuate panoramic views over Albert Park and Royal Botanic Gardens
  • Crafted interiors with choice of either light or dark colour palette
  • Down lights / Split system air conditioning
  • SMEG kitchen appliances
  • Each apartment harnesses natural light and comes with its own balcony to soak up the South Melbourne lifestyle

Location Overview

  • 350m to Royal Botanical Gardens
  • 600m to IGA X-press
  • 600m to Girls' High School
  • 750m to South Melbourne Central Train Station
  • 1.6km to Crown Casino
  • 2km to The Alfred Hospital
  • 2.7km from Melbourne CBD
Why we selected this opportunity
Sought After Location Close to Melbourne CBD, schools, universities, hospital, restaurants, cafes & shops
Low Entry Price Point

From $439,000 (1 bed, 1 bath)
From $608,000 (2 bed, 2 bath)
From $1,065,000 (3 bed, 2 bath) 

Expected Completion Date

April 2020
Construction commencing October 2018

Expected Rent

1 bed, 1 bath: $400 to $470 p/w
2 bed, 1 or 2 bath: $600 to $700 p/w
3 bed, 2 bath: $900 to $950 p/w

Supply & Demand Over 27% population growth from 2011 to 2016 & low vacancy rate of 1.8%

Real Estate Investar approved investment

Each opportunity we select goes through a robust due diligence process to ensure it is “investment-grade” stock. 

We use our unique suite of property research tools to carry out a 7-point check in the following categories:

Linc Apartments, Essendon.  Real Estate Investar approved stock.

  1. Location / Suburb / Infrastructure
  2. Yields / Cash Flow
  3. Equity / Value
  4. Development Overview
  5. Contract Terms
  6. Capital Growth
  7. Supply and Demand Metrics

If you are interested in learning more about the Park Avenue Apartments, please call our agent or submit your details to receive our detailed investment brief.