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Presenting a rare opportunity of impressive scope, 198 Rathdowne Street is a unique proposition in a prominent corner location. With six one bedroom apartments on the one title, the iconic, eye-catching building attracts attention with its striking design, and sits in a highly desirable spot for renters. Offering estimated rental returns of $140,000 per annum, it makes for an exceptional investment to add to your property portfolio.
Set across three storeys, the six residences each feature a BIR bedroom, modern kitchen (oven, electric cooktop, dishwasher), central living space, shower bathroom, European laundry and split-system heating/cooling.
The first and second floor apartments all open out to private balconies, with the two top floor residences taking in impressive city views and generous outdoor spaces, offering additional appeal. The property comes with 4 off street parking spaces for residents.
The brilliant locale offers an impressive array of amenities in easy walking distance, including Lygon Street's iconic Carlton strip, Rathdowne Village, Carlton Baths, Cinema Nova, supermarkets, Brunswick Street, Carlton Gardens, IMAX, Melbourne Museum, Melbourne Uni, Princes Park, Royal Park, Edinburgh Gardens and so much more.
We donate a portion of our fee from every property transaction to the Woodards Foundation to support people experiencing homelessness, family violence and social isolation.