801/18-20 Bank PlaceMelbourne VIC 3000
Property Details for 801/18-20 Bank Pl, Melbourne
801/18-20 Bank Pl, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1905.
Last Listing description (January 2017)
A very rare prospect to own a piece of this iconic, Heritage building is yours. Located in the Metro Hotel on Bank Place this lovely apartment offers a great return and potential capital growth for years to come. There are very few apartments that offer such an illusive and sort after opportunity and therefor we expect this apartment to sell quickly.
With a robust return of $16,789 this property will provide a net return of 7.36% On top of this great return the apartment has a long term lease until 2024 that includes yearly 4% cpi increases. Owners will also enjoy 100% occupancy, no late payments and a reputable tenant being the metro Hotel group.
Inside this apartment is fully equipped and recently renovated with all modern appliances, clean and tidy surrounds and great views of the city street scape. This genuine one bedroom has floor to ceiling windows, stylish galley kitchen along with light filled surrounds.
This set and forget investment opportunity is a must for fussy investors looking for a unique opportunity in the Melbourne CBD. We all know that they don t make buildings like this anymore and they don t come up in this price range often. Take the opportunity at hand and make a time to inspect today.
Call Nick Richards on 0404 099 310
Property History for 801/18-20 Bank Pl, Melbourne, VIC 3000
- 06 Dec 2016Listed for Sale Under offer
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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 64,266 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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