509/47 Lonsdale StreetMelbourne VIC 3000
Property Details for 509/47 Lonsdale St, Melbourne
509/47 Lonsdale St, Melbourne is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in January 2026. There are other 1 bedroom Unit sold in Melbourne in the last 12 months.
Last Listing description (February 2026)
Situated on the fifth floor and with the preferred Northerly aspect, this one bedroom apartment measures approximately 35 square meters overlooking Lonsdale Street.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION.
Comprising a functional kitchen, open plan dining and lounge room, neat fully equipped bathroom plus excellent double bedroom leading to a Juliette balcony.
Positioned in a prime Melbourne location at the top end of the CBD with major retail shops, restaurants, cafes and theatre precinct close at hand.
The apartment is presently leased to Comfort Hotels until 13th October 2027 with two further 10 year options thereafter.
NB: This lease offers "Owners Use" of 30 days per year. (Conditions apply)
Enjoy the benefit of a long term lease, minimal outgoings and a higher net return than traditional residential property.
IMPORTANT INFORMATION:
RENT: $19,828 pa
($382 per week approx.)
INCREASE: The lessor of CPI or 7%
increases from the 3rd year of each lease term (Between Market Reviews)
RETURN: 8.25% Gross
7.35 % Nett
LEASE: Until October 2027
OPTIONS: Two x 10 Year Terms
TENANT (Comfort Hotels) PAYS:
Owners Corp Admin fees
Water rates
Insurance
General maintenance
OWNER PAYS: (Approx)
Council rates: $991 pa
Maintenance fund: $1,190 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. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Property History for 509/47 Lonsdale St, Melbourne, VIC 3000
- 22 Jan 2026Sold
- 10 Dec 2025Listed for Sale Not Disclosed
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 64,242 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
- The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
- Houses have a median rent of $650 while Units have a median rent of $675.
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