609/318 Little Bourke StreetMelbourne VIC 3000
Property Details for 609/318 Little Bourke St, Melbourne
609/318 Little Bourke St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2002.
Last Listing description (December 2015)
Apartment 609 (Lot 510)
318 Little Bourke Street,
Melbourne,3000
Interested in selling? Call Nick discuss your options on 0438 557 885
$309,000 (PRIVATE SALE)
N.B.THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
This is a fabulous one bedroom, two storey apartment located on the fifth floor in this prominent heritage building in the heart of the CBD. With westerly views over Elizabeth St the apartment is just a short stroll to the Bourke Street Mall, fantastic shopping, restaurants and public transport.
Leased to the Mantra BreakFree group, and run as a serviced apartment hotel, the property offers investors the security of a long term lease with further options and minimal outgoings.
Lease Term: Until July 2017
Options: Four x 5 years
Rent: $21,772 pa (Approx)
(With annual CPI increases between market reviews)
Return: 7.1% Return
Outgoings: Tenant (Mantra) pays Owners Corporation Fees, Council Rates, Water Rates and Usage, Insurance and Maintenance Fund Contributions.
For further details please contact our Serviced Apartment specialist
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 609/318 Little Bourke St, Melbourne, VIC 3000
- 25 May 2015Listed for Sale Not Disclosed
- 13 Dec 2013Listed for Sale 309000
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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 64,267 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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