South Melbourne is a riverside suburb of the Victorian Capital, sitting between Southbank and Port Melbourne. With beautiful views of the river and the city, a well-renowned restaurant and shopping scene, and its close proximity to major event centres, South Melbourne is a popular destination of choice for both domestic and international visitors.
With Melbourne International Airport only a 30-minute drive away, visitors from Australia and all over the world can easily access the area by plane, with a shuttle service and prompt public transport network providing simple transport to and from the airport.
Melbourne welcomes a total of 5.5 million domestic visitors, and almost two million international visitors each year, with a growing portion of these choosing to stay in the South Melbourne area, which has seen a particular rise in the development of high rise apartments in recent years. As such, many of the accommodation options on offer in South Melbourne are serviced apartments, with a scattering of hotels also available. In total, there are 218 accommodation options and food services, providing visitors with a variety of places to stay and eat during their holiday or business trip, providing 6.1 percent of South Melbournians with employment.
While Melbourne experiences unpredictable weather throughout the year, visitors travel steadily through all seasons, seeking shopping at nearby direct factory outlets, along the popular one kilometre shopping strip on Clarendon Street, or at the South Melbourne Markets. Visitors also travel for the region’s huge gastronomic offering, with many celebrity restaurants within close reach, and hundreds of esteemed cafés to be found in South Melbourne and the nearby city.
With the Melbourne Convention and Exhibition Centre located on Southbank, the area is a popular location for business travel, and with so much apartment style accommodation available, it is an equally popular location for families. The leafy parks and gardens in the area make it the perfect place for a relaxed getaway on the outskirts of the city, and its many historic buildings, such as the South Melbourne Town Hall, provide a number of interesting sights. With the CBD only a short walk or tram trip away, guests don’t miss out on all that the city has to offer.
Please see our current selection of South Melbourne Management Rights for sale below.
Net Income: $368,460
Managers Estate: -
Complex Units: 161
Letting Pool: 30