SOLD by Nick Walters of Kingsford Property - The Serviced Apartment Specialists

Apartment 307
471 Little Bourke Street, Melbourne

$265,000 (Private Sale)


Situated on the third floor and on the preferred Northern side of the building, this is a very large studio apartment of approximately 45 square meters with open plan kitchen, dining lounge and bed area with built in robes, in addition to a sparkling bathroom.

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.

This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.

Rent: $18,789 pa ($1,565 per month)
(With annual increases between Market Reviews)

Lease: Until March 2018

Options: 4 x 5 year options

Return: 7.1% (Nett)

Outgoings: Mantra pays Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.

For further enquires, please call the agent

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. Prospective purchasers are advised to carry out their own investigations.