601/471 Little Bourke StreetMelbourne VIC 3000
Property Details for 601/471 Little Bourke St, Melbourne
601/471 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit and was built in 1982. The property has a land size of 1171m2. While the property is not currently for sale or for rent, it was last sold in March 2023.
Last Listing description (April 2023)
This over sized executive serviced apartment measures approximately 50sqm internally.
Situated on Level six and with an Easterly aspect, the apartment features an open plan kitchen, dining and living area, huge bedroom large enough for two queen sized beds 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.
Leased to the Mantra Group on a rolling one year lease, this investment opportunity is worthy of consideration for your property portfolio.
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)
IMPORTANT INFORMATION:
RENT: $21,038 pa ($404 per week approx.) From April 2023
INCREASE: Annual increase from 2025 (Alternating 3% & CPI)
RETURN: 7.4% Gross
(6.5% Nett)
LEASE: March 2024
OPTIONS: 3 x 1 years
OUTGOINGS:
TENANT (Mantra) PAYS:
Owners corporation Admin fees
OWNER PAYS:
Council Rates: $1,033pa
Water Rates: $958 pa
Maintenance Fund: $589 pa
For further details please contact Nick Walters of Kingsford Property - Melbourne's Serviced Apartment Specialists.
M: 0438 557 885
P: (03) 9682 6222
E: 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 601/471 Little Bourke St, Melbourne, VIC 3000
- 02 Mar 2023Sold for $275,000
- 17 Feb 2023Listed for Sale $283,000
- 10 Dec 2019Sold for $350,000
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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