506/338 Kings WaySouth Melbourne

Positioned within the highly sought-after South Melbourne and Albert Park precinct, this north-facing two-bedroom apartment presents an outstanding opportunity for investors seeking immediate rental income and enduring inner-city appeal. Currently leased at $600 per week, it offers an established income stream in a consistently desirable location, with the added advantage of low-maintenance living and secure parking. Well maintained and filled with natural light, the apartment features floorboards throughout and a generous living and dining area flowing onto a sunlit balcony. The stone-finished kitchen is appointed with a gas cooktop, integrated dishwasher, excellent storage and ample preparation space, while two well-proportioned bedrooms with built-in robes are serviced by a central bathroom and separate toilet. Secure basement parking, a separate storage cage on title, secure lobby entry and lift access further enhance its practical appeal. With the CBD, South Melbourne Market and Albert Park Lake all within easy reach, this is an appealing investment opportunity combining established rental income, lifestyle convenience and a sought-after inner-city address.