804/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 804/471 Little Bourke St, Melbourne
804/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1982. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (August 2024)
Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you'd like to discuss your investment property options please call me on 0438 557 885
Tenanted until March 2029, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 50sqm.
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The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and a fantastic Melbourne location near the heart of the legal precinct ? all making this a very desirable investment choice.
Leased to Panache Hotel Group (PHG) on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.
NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $22,257 pa (Effective April 2024)
($427 per week approx)
INCREASE: Annual 3% between Market Reviews
(Market Review every 2.5 Years)
RETURN: 7.4% Gross
(6.4% Nett)
LEASE: Until March 2029
OPTIONS: Four Further 5-Year Options
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER'S OUTGOINGS:
Maintenance Fee: $846 pa
Council Rates: $1,172 pa
Water Rates: $1,071 pa
Inspection can be arranged by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Property History for 804/471 Little Bourke St, Melbourne, VIC 3000
- 14 Jun 2024Sold for $290,000
- 14 Jun 2024Sold
- 09 Feb 2024Listed for Sale Not Disclosed
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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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