508/471 Little Bourke Street

Melbourne VIC 3000

$28,077 Per annum rental income around 7% net
return on investment

Also perfect for those with self-managed super funds.

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

Initial rent at $ 28,077 per annum with a yearly CPI increase.

The owner has to pay the council rate, water rate, and owner's corporate levies currently at

Council rate of $1,137.81 per annum

Water rate Approx.
$959 per annum

Own corporation Maintenance Approx. $589

Total outgoing is around $2,600 a year.

Lease Commencement date - 1 April 2023 with 3 further option terms of 12 months, at the discretion of Accor, the owner is entitled to 3 nights accommodation per year.
.
Fully furnished and with brilliant space, this open and vibrant apartment features a generous living and meals zone with a mounted flat screen TV, deluxe kitchen with appliances including a microwave, spacious bedroom, bathroom with separate shower and bath plus a laundry with washer dryer, 24-hr concierge, ground floor restaurant and bar, and access to the top floor gym and sauna.
Generous rental returns of $28,077 per annum mean this gem is bound to be snapped up by purchasers in search of an easy-care investment

Situated in the heart of the city ensures a lifestyle location is at its best with easy access to Queen Victoria Market, Flagstaff Railway Station and Bourke Street tramline, the stunning Flagstaff Gardens, Emporium and Melbourne Central, Yarra River, and Crown Casino Precinct