;
Sold Mar 2014
6.7% NET RETURN - NO ANNUAL OUTGOINGS - $275k

413/471 Little Bourke Street, Melbourne, VIC 3000

1 bed 1 bath 0 car
Apartment

$262,500

1 / 10
413/471 Little Bourke Street has been Sold
Apartment 413
471 Little Bourke Street,
Melbourne
$275,000 (Private Sale)
N.B. THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Situated on the fourth floor and on the sunny Western side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom with mirrored robes and a sparkling bathroom completes the picture.
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: $18,314 pa ($1,526 per month) Effective 1st April '14
(With annual increases between Market Reviews)
Lease: Until March 2018
Options: 4 x 5 year options
Return: 6.7%(NET)
Outgoings: Mantra pays – Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.
For further enquiries, 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
Floor Area: 50sqm
Rooms: 3
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
How much can I borrow?
$
%
$2245.22 /month
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SA1 - 2112218 Meet the Neighbours near 413/471 Little Bourke Street

Interested in property ownership statistics and neighbourhood demographics for the pocket around 413/471 Little Bourke Street, Melbourne? Our pocket insights offer a greater level of detail than typical suburb information you might find elsewhere. We have even more data about 413/471 Little Bourke Street, Melbourne on our Property 360 page.

$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 413/471 Little Bourke Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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