513/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 513/471 Little Bourke St, Melbourne
513/471 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 53m2. While the property is not currently for sale or for rent, it was last sold in November 2023.
Last Listing description (December 2023)
Enjoy the benefits of a long term, secure lease with this oversized executive studio serviced apartment of approximately 50sqm. 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. ?
The property offers a top floor gym and sauna, good security, a quality restaurant and bar situated just off the lobby, and an excellent CBD location near the heart of the legal precinct ? all making this a very desirable investment choice.
NB The new lease offers the following
- Owners can also enjoy three nights accommodation per year (Conditions apply)
- Owners can terminate the lease at the end of each lease term (Conditions Apply)
Investment summary:
RENT: $23,746 pa ($455 per week)
INCREASES: Annual increases from March 2025 (Alternating CPI and 3%)
RETURN: 7.5% Gross
6.7% Net
LEASE: Until March 2024
OPTIONS: Three X 1 year options
TENANT (Mantra) PAYS:
Owners corporation administration fund fees
Insurance
General maintenance
OWNER PAYS:
Maintenance fund: $589 pa aprox
Council rates: $957 pa aprox
Water rates: $958 pa aprox
Inspection by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - the Serviced Apartment Specialists
Mobile: 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 513/471 Little Bourke St, Melbourne, VIC 3000
- 10 Nov 2023Sold for $310,000
- 27 Jun 2023Listed for Sale Not Disclosed
- 20 Mar 2010Sold for $240,000
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 64,265 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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