413/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 413/471 Little Bourke St, Melbourne
413/471 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. While the property is not currently for sale or for rent, it was last sold in July 2024.
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.
Situated on Level Four and with a Westerly aspect overlooking the Little Bourke St Reserve, the apartment features an open plan kitchen, dining and living area, generous bedroom with BIR and bathroom with separate bath and shower. ?
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.
NB.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
IMPORTANT INFORMATION:
RENT: $23,968 pa (Effective April 2024)
($460 per week approx.)
INCREASE: Annual 3% between Market Reviews.
(Market Reviews every 2.5 years)
RETURN: 7.8% Gross
(6.8% Nett)
LEASE: Until March 2029
OPTIONS: Four Further Five Year Options
TENANT (PHG) PAYS:
Owners Corporation Admin
Insurance
General maintenance
ESTIMATED OWNER PAYS:
Maintenance Fee: $1,000 pa
Council Rates: $1,200 pa
Water Rates: $1,070 pa
Inspection is 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 413/471 Little Bourke St, Melbourne, VIC 3000
- 30 Jul 2024Sold for $300,000
- 18 Apr 2024Listed for Sale Not Disclosed
- 27 Mar 2021Transferred
Recent sales nearby
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0About 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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