512/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 512/471 Little Bourke St, Melbourne
512/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit 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 June 2023.
Last Listing description (July 2023)
Tenanted until March 2027, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 40sqm.
Situated on Level Five 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.
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Leased to the Mantra Group on a long term lease, this investment opportunity is worthy of consideration for your property portfolio.
NB: THIS LEASE CAN BE EXTINGUISHED BY EITHER PARTY BY PROVIDING 4 MONTHS NOTICE
IMPORTANT INFORMATION:
RENT: $21,851 pa (Effective April 2023)
($420 per week approx.)
INCREASE: Annual from 2025 alternating CPI & 3%.
RETURN: 7.3% Gross
(6.5% Nett)
LEASE: Until March 2024
OPTIONS: Three Further One Year Options
TENANT (Mantra) PAYS:
Owners Corporation Admin
Insurance
General maintenance
OWNER PAYS:
Maintenance Fee: $589 pa
Council Rates: $927 pa
Water Rates: $958 pa
Inspection can be arranged 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 512/471 Little Bourke St, Melbourne, VIC 3000
- 12 Jul 2023Listed for Sale Not Disclosed
- 01 Jun 2023Sold for $285,000
- 19 Apr 2023Listed for Sale $298,000
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 64,270 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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