Melbourne 605 & 606/166 Flinders Street

If you’re a serious renovator, keen for a project, we have a rare opportunity for you!
Two apartments on separate titles being offered as one Unit 605 is 68m2, 606 is 72m2 (total of 140m2 internal)Renovate & keep them separate or join them for a WOW apartmentSet atop Cosmopolitan Apartments the former Masonic Club BuildingBuilt in 1927 and subdivided in 1995Building has just completed a full façade restoration & looks amazingThese tri-level apartments each contain….Kitchen with open living, dining 2 Bedrooms, 1 Bathroom Balconies on lower levels and roof top terraces with iconic viewsRoof terraces capture stunning views including domes of the Forum theatreMoments from Melbourne's best restaurants, bars & lanewaysSituated above Movida, Forum theatre & the famous Hosier LaneExcellent transport with free trams & Flinders Street Station at your doorNote: the apartments need serious renovations, experience recommendedLimited only by your imagination and your budget, get in quick to inspect this pair

EXPLANATION OF THE OWNER’S CORPORATION FEES

Owners Corporation Fees are made up of two components.
Administration Fund & Maintenance Fund.
166 Flinders St has recently undergone a full façade restoration. The increased Maintenance Fund finishes in December 2025, when the loan will be repaid in full.

Current Annual Fees until 31 December 2025 are,

605 – Administration Fund - $7,917.80
605 – Maintenance Fund - $10,954.60
(Total pa. to December 31st, 2025 – $18,872.40)

606 – Administration Fund - $7,308.80
606 – Maintenance Fund - $10,112.00
(Total pa. to December 31st, 2025 – $17,420.80)

These will be adjusted at settlement, so you only pay the portion of your ownership

Owners will vote on a new Maintenance Fund at the AGM scheduled for the end of March 2025.
Based on the proposed new budget, awaiting ratification, annual fees will be approximately.

605 – Administration Fund - $7,917.80
605 – Maintenance Fund - $1,000.00
(Total pa from January 1st, 2026 – $8,917.80)

606 – Administration Fund - $7,308.80
606 – Maintenance Fund - $1,000.00
(Total pa from January 1st, 2026 – $8,308.80)

Approximate total for the pair, awaiting ratification is – $17,226.60

NOTE: Please carefully read the section 32 and seek your own independent legal and financial advice.

What is WHU?

Warehouse, Heritage & Unique or what our team refers to as WHU is a category of property that differentiates from the others.
This symbol appears on the properties that our team have identified as exhibiting one or more of these characteristics.

Harcourts Melbourne City, Estate Agents, specialising in sales & leasing of Warehouse, Heritage, Unique – WHU properties in Melbourne’s inner city. For information on inner city property for sale or rent or for expert real estate advice visit: melbourneharcourts.com.au or phone us on 03 9664 8100 Whilst every care is taken to ensure accuracy of the sizes, plans & information contained herein no guarantees or warranties are given. Clients are required to make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.