7/124 Caroline Street, South Yarra

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For Sale
For Sale
Asking price

$500,000 - $550,000

Property Type

Apartment

  • 1
  • 1
For Sale
Asking price

$500,000 - $550,000

Property Type

Apartment

  • 1
  • 1
Inspection times

Sat, 24 October at 12:00PM

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Character, position and income in one of South Yarra's most tightly held pockets.

Set within the character-rich Dorrington House, a great example of the well known architect Howard Lawson. This apartment offers investors the advantage of a secure tenancy, immediate rental income and a location with enduring tenant appeal in one of South Yarra's most recognisible buildings.

Currently leased at approximately $2,670 per month until 27 May 2027, the property provides income certainty from settlement without the immediate need to source a tenant.

Inside, high ceilings, period detailing and timber floors create a home with genuine character, complemented by generous living and dining spaces, a well-appointed kitchen and spacious bedroom accommodation.

Beyond the apartment, South Yarra's established lifestyle, transport connections, shopping, dining and proximity to Melbourne's key employment precincts continue to support its appeal as a highly sought-after rental location.

Dorrington House – secure the lease, collect with ease.

For investors seeking an established South Yarra holding with income already in place and long-term location fundamentals, this is an opportunity worthy of consideration.

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Recent Sales in South Yarra

Address
4/435 Punt Road
Beds

3

Price

Contact agent for details

Property Type

Townhouse

Sale Type

Private Sale

Beds

2

Price

$821,000

Property Type

Apartment

Sale Type

Private Sale

Beds

3

Price

$1,370,000

Property Type

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Sale Type

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Beds

2

Price

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Property Type

Apartment

Sale Type

Auction

Beds

2

Price

$530,000

Property Type

Apartment

Sale Type

Private Sale

Address
Beds
Price
Property Type
Sale Type
3
Contact agent for details
Townhouse
Private Sale
2
$821,000
Apartment
Private Sale
3
$1,370,000
Apartment
Private Sale
2
Contact agent for details
Apartment
Auction
2
$530,000
Apartment
Private Sale
South Yarra Hawksburn
Suburb Profile

South Yarra

An iconic suburb 4km southeast of the Melbourne CBD, just minutes from the city centre, South Yarra combines the best of urban convenience with an elegant and refined atmosphere. The neighbourhood is renowned for its fashionable boutiques, upscale restaurants, and chic cafés. South Yarra's prestigious shopping precincts, including Chapel Street, Commercial Road, Toorak Road, The Como Centre and Jam Factory, provide a diverse range of retail, dining and entertainment options, from high-end designer brands to local artisanal stores, and bustling bars and restaurants.

The Yarra River provides opportunities for walking, cycling, and picnicking along its banks. Fawkner Park and Como Park are popular destinations with beautifully manicured gardens, sports facilities, and playgrounds. With excellent transport links, including South Yarra train station and multiple tram routes, commuting and connecting to the surrounding suburbs is effortless.

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