Open For Inspection: 12pm - 12.30pm, Thursday 23 October 2025.
Lemon Baxter is delighted to exclusively present 109 Osborne Street, South Yarra – a rare chance to secure a classic 1960s apartment block in one of Melbourne’s most prestigious residential markets.
Set on a 587 m² landholding*, the property comprises 12 apartments (11 leased, 1 vacant), generating a strong income stream with clear upside through leasing, refurbishment, strata sell-down, or redevelopment (STCA).
Key Features:
• Land area: 587 m²*
• Improvements: 12 apartments – 11 leased, 1 vacant
• Income: $230,459 p.a. with potential to $250,190 p.a. fully let
• General Residential Zone (GRZ) – flexible development/repositioning potential
• High-demand rental precinct with exceptional lifestyle amenity
Investment Highlights:
• Blue-chip South Yarra freehold – tightly held and rarely available
• Strong income with immediate upside potential
• Flexible strategies: hold, refurbish, sell-down, or redevelop (STCA)
• Abundant off-street car parking for all units
• Exceptional long-term growth supported by South Yarra’s prestige appeal
Location & Public Transport:
• Short walk to South Yarra Station and Prahran Station
• Tram routes along Chapel Street and Toorak Road
• Only minutes to Melbourne CBD
• Surrounded by premier retail, dining, and lifestyle amenity including Fawkner Park and the Royal Botanic Gardens
109 Osborne Street offers investors a blue-chip foothold in Melbourne’s most sought-after inner suburb – secure income today with multiple pathways for tomorrow.
For Sale via Expressions of Interest, closing Wednesday, 29th October 2025 at 12:00PM (AEDT).
Remember to mention you found this property on DevelopmentReady
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