;
Sold Feb 2014
HUGE 7.1% RETURN - $309k

609/318 Little Bourke Street, Melbourne, VIC 3000

1 bed 1 bath 0 car
Apartment

$304,000

609/318 Little Bourke Street has been Sold
Apartment 609 (Lot 510)
318 Little Bourke Street,
Melbourne,3000
$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.
Features
Rooms: 3
What's Nearby
What's Nearby
Schools
Transport
Eats
Shopping
Comparable Sales
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SA1 - 2112212 Meet the Neighbours near 609/318 Little Bourke Street
$2,767
Monthly Personal Income
$5,259
Monthly Household Income
$1,800
Monthly Mortgage Repayments
The average age is 26
Majority are Couples without children
Most residents Renting
Weekly Income
Pocket
Melbourne
Employed as Professional scientific and technical services
Professional scientific and technical services
Accommodation and food services
Financial and insurance services
Retail trade
Education and training
Pocket Profile
Ask Nick about 609/318 Little Bourke Street, Melbourne, VIC 3000
Nick Walters
Nick Walters
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