513/471 Little Bourke Street, Melbourne VIC 3000

Enjoy the benefits of a long term, secure lease with this oversized executive studio serviced apartment of approximately 50sqm. Situated on Level Five 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 an excellent CBD location near the heart of the legal precinct – all making this a very desirable investment choice.

NB The new lease offers the following

- Owners can also enjoy three nights accommodation per year (Conditions apply)

- Owners can terminate the lease at the end of each lease term (Conditions Apply)

Investment summary:

RENT: $23,746 pa ($455 per week)

INCREASES: Annual increases from March 2025 (Alternating CPI and 3%)

RETURN: 7.5% Gross
6.7% Net
LEASE: Until March 2024

OPTIONS: Three X 1 year options

TENANT (Mantra) PAYS:

Owners corporation administration fund fees
Insurance
General maintenance

OWNER PAYS:

Maintenance fund: $589 pa aprox
Council rates: $957 pa aprox
Water rates: $958 pa aprox

Inspection by private appointment.

For further details please contact:
Nick Walters of Kingsford Property - the Serviced Apartment Specialists
Mobile: 0438 557 885
[email protected]

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.