64/24-38 Little Bourke, Melbourne VIC 3000

Overlooking Little Bourke Street at the Paris End of town, apartment 64 is a part of Melbourne’s history.

Full of period charm with exposed brick work, bay windows, 3m vaulted ceilings, the living area is complemented by two bedrooms, both with BIR’S and plantation shutters, compact kitchen and a practical bathroom.

Securely leased to 2023 with further options, Gordon House is a window to our past with its Victorian architecture, soaring heritage listed palm tree, calm central courtyard, but with modern amenity such as a pool, BBQ area and onsite café restaurant.

This is a rare opportunity to secure an investment in a very tightly-held building.

Owners also benefit from being able to use their apartment for up to 30 days per year (conditions apply).

It is currently leased at $344 per week.

NB: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Rent: $17,887.44 pa

Reviews: Annual CPI increase and a market review every 5 years

Return: 6.25% gross

Lease: Until January 26th 2023

Options: 3 x 5 years

Outgoings:

Tenant
Council rates
Water rates
General maintenance

Landlord
Sinking fund and FF&E contribution $1,650 pa