410/471 Little Bourke Street, Melbourne VIC 3000

Tenanted until March 2026 with one further one year lease option, enjoy the benefits of a secure lease with this oversized executive studio serviced apartment of approximately 50sqm.

Situated on Level Four and with a Westerly aspect overlooking the Little Bourke St Reserve, the apartment features an open plan kitchen, dining and living area, generous bedroom with BIR and bathroom with separate bath and shower.  

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.

Leased to the Mantra Group on a rolling one year lease, this investment opportunity is worthy of consideration for your property portfolio.

NB: THE OWNER CAN EXTINGUISH THIS LEASE AT THE END OF EACH TERM BY PROVIDING 4 MONTHS NOTICE. TO THE TENANT.

This lease also allows for three nights of Owner's Use per year. (Conditions apply)

IMPORTANT INFORMATION:

RENT: $24,098 pa
($462 per week approx.)

INCREASE: Annual 3%.

RETURN: 8.25% Gross
(6.8% Nett)

LEASE: Until March 2026

OPTIONS: One Further One Year Option

TENANT (Mantra) PAYS:
Owners Corporation Admin
Insurance
General maintenance

OWNER PAYS:
Maintenance Fee: $1,875 pa
Council Rates: $1,195 pa
Water Rates: $1,131 pa

Inspection is by private appointment.
For further details please contact:
Nick Walters of Kingsford Property - 0438 557 885
[email protected]

Disclaimer: 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. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.