1508/8 Franklin Street, Melbourne, VIC 3000
Melbourne 2ਬੈੱਡਰੂਮ Fully Renovated & Turn-Key Apartment | Impressive Gross Yield of 7.7% pa
$400,000-$440,000The Phone Code for this property is: 14110. Please quote this number when phoning or texting.
Seize this rare opportunity to secure a high-performing investment in one of Melbourne's most sought-after residential towers - The Milano Apartments. Offering an impressive 7.7% gross yield, this property combines strong rental returns with enduring capital growth potential.
Perched high on the 15th floor, this beautifully renovated two-bedroom apartment has been meticulously updated to maximise appeal and minimise ongoing maintenance:
✨ Brand new engineered floorboards - sleek and low-maintenance
✨ Freshly painted interiors - bright, modern, and tenant-ready
✨ New reverse cycle heating/cooling - year-round comfort
✨ Stylish new Holland blinds - privacy and light control
✨ Double-glazed sliding door - noise reduction and thermal efficiency
✨ North-facing balcony - sun-filled and perfect for relaxing
Both bedrooms enjoy abundant natural light, with the second bedroom showcasing stunning city views. The smart floor plan includes:
Stone finishes in kitchen and bathrooms
Dual ensuite access for both bedrooms - ideal for shared tenancies
2.7m ceilings with floor-to-ceiling glazing - enhanced light and space
Private balcony - appealing to renters seeking outdoor space
Premium resident facilities boost rental demand, including:
25m heated swimming pool, spa, sauna, and fully equipped gym
Tennis court, BBQ area, resident kitchen/function space, and 21-seat cinema
24-hour building attendant for security and convenience
Prime location ensures consistent tenant interest:
Steps from Melbourne Central, QV, Emporium, and Queen Victoria Market
Walk to Melbourne University and RMIT - ideal for student tenants
Close to trams, trains, dining, and entertainment hubs
Whether you're expanding your portfolio or seeking a blue-chip investment, this apartment delivers premium rental yields, low vacancy risk, and strong capital growth prospects - all in a landmark building with enduring tenant appeal.