66/20 Bank PlaceMelbourne VIC 3000
Property Details for 66/20 Bank Pl, Melbourne
66/20 Bank Pl, Melbourne is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1905. The property has a land size of 302m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (May 2019)
This 2 bedroom, 2 bathroom apartment with the flexibility of a dual key design allowing the apartment to be split into 1x studio and 1x1br apartment, sits proudly on the 6th floor (the highest floor of the original historic building which is now over 100 years old) and takes up the entire frontage of the building with an outlook over famous Bank Place.
Unique features such as very high ceilings, period windows and triple brick external walls make this an attractive opportunity for anyone seeking an affordable investment with not only scarcity value but also with the hassle free income stream that a long secure lease provides.
Leased to Metro Hotel Group as a 'serviced apartment' for the next 5 years, with the ability to occupy the property in 5 years time or to continue leasing the property as a high yield investment if desired.
Annual Outgoings:
Owner pays - Council rates only (approx $800)
Tenant pays- Owners Corporation Fees & Water Rates
Surrounded by some of Melbourne's finest heritage buildings, restaurants, cafes, shops, transport and of course the popular friday after work drinks pub 'the mitre tavern'.
inspection by private appointment
Property History for 66/20 Bank Pl, Melbourne, VIC 3000
- 11 Apr 2024Sold for $475,000
- 21 May 2019Sold for $355,000
- 17 May 2019Listed for Sale $369,000 (UNDER CONTRACT)
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About Melbourne 3000
The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.
Melbourne has 61,317 properties. Over the last 5 years, Houses in Melbourne have seen a 39.04% increase in median value, while Units have seen a -0.03% decrease. As at 31 July 2024:
- The median value for Houses in Melbourne is $1,620,620 while the median value for Units is $451,754.
- Houses have a median rent of $600 while Units have a median rent of $640.
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