101/160 Little Lonsdale St

Melbourne VIC 3000

Apartment

Currently for sale - view listing

Overview

Furnished & Tenanted | 9.4% Yield | Rental Growth Upside to $550–$570/wk

TURNKEY CBD INVESTMENT | FURNISHED | PRIVATE BALCONY | SECURE INCOME UNTIL JULY 2027 Perfectly positioned in the heart of Melbourne's CBD, this fully furnished and tenanted apartment at 160 Little Lonsdale Street represents a rare opportunity for investors seeking immediate, hassle-free rental income with compelling growth upside. THE INVESTMENT CASE Currently leased until 14 July 2027 at $1,955 per month, this property is generating a gross rental yield of approximately 9.4% at the listed price — well above the Melbourne unit market average of 7.97%. With comparable furnished units in the building and precinct now achieving $550–$570 per week, the next lease presents a meaningful rental uplift of 22–27% for the incoming owner. No vacancy risk. No setup costs. No furniture to source. Simply settle and collect. THE PROPERTY Situated on Level 1 of the well-maintained complex at 160 Little Lonsdale Street, this smartly designed apartment offers: - 1 bedroom | 1 bathroom | private balcony - 26m² internal + 4m² balcony = 30m² total area - Fully furnished including all white goods — completely turnkey - Built 2003 | Capital City Zone CCZ1 — Schedule 1 - Council: City of Melbourne THE LOCATION Nestled on Little Lonsdale Street, one of Melbourne's most vibrant CBD addresses, the property sits moments from: - Melbourne Central, QV and Emporium shopping precincts - Royal Melbourne Hospital and Melbourne University - Flagstaff Gardens - World-class dining, cafes and entertainment - Excellent tram and train connections at your doorstep SUMMARY OF INVESTMENT FIGURES - Listed price: $275,000 - Current rent: $450 per week ($1,955 per month) - Lease expiry: 14 July 2027 - Gross yield (current): approx. 9.4% - Projected rent post-lease: $550–$570 per week - Projected gross yield post-lease: approx. 10.4–10.8% - Council rates: $725 per annum - Water rates: $540 per annum - Owners Corporation fees: $3,572 per annum - Land tax: $500 per annum (applicable to investors only — not applicable for owner-occupiers) - Net yield at current rent (investor): approx. 6.57% - Net yield post-lease at $560 per week (investor): approx. 7.83% Sold fully furnished including all white goods and fixtures as inspected. Private inspection only.