A residential investment comprising 54 individually strata‑titled apartments in one of Melbourne’s most tightly held inner‑south precincts has been listed for sale.
Located at 2–6 Station Street, Caulfield North, the four‑level property known as The Caulfield is an architecturally-designed complex featuring a mix of one and two‑bedroom apartments, complemented by 61 basement car parks and storage units.
Completed in 2016, the property has a strong historical occupancy record and currently generates approximately $1.6 million per annum in gross income, with excellent growth achieved over the past three years.
The asset benefits from sustained tenant demand driven by its position within the Caulfield Station Major Activity Centre and proximity to Caulfield Station – one of only two stations in Melbourne serviced by four metropolitan rail lines – located just 400 metres away and providing direct access to the CBD in around 10 minutes.
It is also situated 800 metres from Monash University’s Caulfield Campus and close to the Caulfield Village retail precinct, which provides a mix of amenity including a Coles supermarket, Caulfield Racecourse providing large open spaces and major lifestyle offerings. These factors further enhance its appeal to tenants and support long‑term rental demand.
The Caulfield is being taken to market via an Expressions of Interest campaign run by Knight Frank agents Tom Ryan and Tanya Su on behalf of the private vendor.
Price expectations are circa $28 million.
Mr Ryan said the offering was highly compelling given the combination of scale, income and flexibility.
“This is a rare opportunity to secure a stabilised, large‑scale residential investment within one of Melbourne’s most tightly held and supply‑constrained locations,” he said.
“The asset offers immediate income along with strong underlying growth fundamentals, supported by proximity to major education infrastructure, transport connectivity and long‑term government investment in the Caulfield precinct.
“The apartment mix is well aligned to prevailing renter demand, comprising predominantly one and two‑bedroom apartments suited to students, graduates, professionals and renters by choice seeking connectivity, amenity and lifestyle.
“Future rental performance will be supported by a structural undersupply across Melbourne’s inner south, with vacancy at 1.7%.”
Ms Su said the structure of the asset would appeal to a wide pool of investors.
“This asset is a modern, low‑maintenance residential investment delivering consistent income performance, strong occupancy and compelling long‑term fundamentals,” she said.
“All apartments are individually titled within a single strata plan, providing investors with genuine flexibility and multiple exit pathways.
“This includes the ability to hold for long‑term income, refinance, or pursue a selective staged sell‑down of individual apartments over time, subject to market conditions.
“Located within an affluent, owner‑occupier‑led suburb where new supply is permanently constrained, 2–6 Station Street offers investors exposure to a high‑quality residential income stream with strong long‑term growth fundamentals and embedded liquidity.”
The Expressions of Interest campaign for 2–6 Station Street, Caulfield North will close at 2pm (AEST) on Thursday, 18 June.
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