602/471 Little Bourke Street

Melbourne VIC 3000

Situated on Level Six and with an Easterly aspect, 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 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 long term lease, this investment opportunity is worthy of consideration for your property portfolio.

This lease also allows for three nights of Owner's Use per year. (Conditions apply)

NB: THIS LEASE CAN BE EXTINGUISHED BY EITHER PARTY BY PROVIDING 4 MONTHS NOTICE. (Conditions Apply)

IMPORTANT INFORMATION:

RENT: $22,383 pa (Effective April 2024) ($430 per week approx.)

RENT INCREASE: 2025 + CPI
2026 + 3%

RETURN: 8% (Gross)
6.6% (Nett)

LEASE: Until March 2025

OPTIONS: Two Further One Year Options

OWNER PAYS:
Council Rates: $1,109 pa
Water Rates: $1,110 pa
Maintenance Fund: $1,875 pa

TENANT (Mantra) PAYS:
Owners Corporation Admin
Insurance,
General Maintenance

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. This information has been provided by third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.