1004/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 1004/471 Little Bourke St, Melbourne
1004/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 1171m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in December 2018.
Last Listing description (April 2026)
ALL OFFERS SUBMITTED BY 30TH APRIL 2026
Located on the tenth floor with an Easterly orientation, this apartment showcases an open-plan kitchen, dining, and living space, along with a spacious bedroom featuring built-in robes and a bathroom equipped with a separate bath and shower. The apartment also Includes a washer/dryer combo unit, 65 inch smart TV, full size fridge, and updated bedding configuration. New smart locks have been fitted along with high speed Internet with separate access points.
NB.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
This property boasts amenities such as a top-floor gym and sauna, excellent security measures, a quality restaurant and bar conveniently located adjacent to the lobby, and an enviable Melbourne location close to the legal precinct, making it an appealing investment option.
Currently leased to PHG on a long-term agreement, this investment opportunity merits serious consideration for your property portfolio.
Tenanted until March 2029, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 50sqm.
IMPORTANT INFORMATION:
RENT: $24,890 pa (Effective April 2026)
($478 per week approx)
INCREASE: Annual 3% between Market Reviews.
(Market Reviews every 2.5 years)
RETURN: 8.4% Gross
(7% Nett)
LEASE: Until March 2029
OPTIONS: Four Further 5-Year Options
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER'S OUTGOINGS:
O C Maintenance Fee: $1,600 pa
Council Rates: $1,203 pa
Water Rates: $1,071 pa
Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
Nick@kingsfordproperty.com.au
Disclaimer: 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. This information has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.
Property History for 1004/471 Little Bourke St, Melbourne, VIC 3000
- 17 Feb 2026Listed for Sale UPSET PRICE $295,000
- 06 Mar 2024Listed for Sale $299,000
- 20 Dec 2018Sold for $301,000
Recent sales nearby
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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 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% 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 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.
Melbourne has 64,268 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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