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Sold Mar 2014
PRICE DROP - NOW HUGE 6.8% NET RETURN...

408/471 Little Bourke Street, Melbourne, VIC 3000

1 bed 1 bath 0 car
Apartment

$347,500

408/471 Little Bourke Street has been Sold
Apartment 408
471 Little Bourke Street,
Melbourne 3000
$358,000 (Private Sale)
N.B THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Situated on the fourth floor and on the preferred Northern side of the building, this is a large one bedroom apartment of approximately 65 square meters with open plan kitchen, dining lounge and bed area with built in robes, in addition to a sparkling bathroom.
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.
This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.
Rent: $24,191 pa ($2,015 per month)Effective 1st April '14
(With annual increases between Market Reviews)
Lease: Until March 2018
Options: 2 x 5 year options
Return: 6.8% (Net)
Outgoings: Mantra pays – Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.
INSPECTION STRICTLY BY APPOINTMENT
For further inquiries, please call us - the serviced apartment specialists
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. Prospective purchasers are advised to carry out their own investigations.
Features
Rooms: 3
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
Comparable Sales
How much can I borrow?
$
%
$2245.22 /month
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SA1 - 2112218 Meet the Neighbours near 408/471 Little Bourke Street

Take a look at the stats below to get an idea about the local Melbourne residents and properties nearest this address. This might be interesting if you are thinking to buy a different property nearby. You can also find out more about this property on the Property 360 page for 408/471 Little Bourke Street, Melbourne.

$3,336
Monthly Personal Income
$4,637
Monthly Household Income
$1,994
Monthly Mortgage Repayments
The average age is 28
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
Melbourne
Employed as Accommodation and food services
Accommodation and food services
Professional scientific and technical services
Education and training
Financial and insurance services
Transport postal and warehousing
Pocket Profile
Ask Nick about 408/471 Little Bourke Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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