615/471 Little Bourke Street

Melbourne VIC 3000

55 m²

Apartment

Currently for sale - view listing

Overview

SUBSTANTIAL 8.8% RETURN - GREAT PASSIVE INCOME STREAM...

Located on the sixth floor with a quiet South Westerly orientation, this 55sqm apartment offers an open-plan kitchen, dining, and living space, along with a spacious bedroom featuring built-in robes and a bathroom equipped with a separate bath and shower. This property boasts amenities such as a top-floor gym and sauna, excellent security measures, a quality restaurant and bar conveniently located adjacent to the lobby, and an enviable Melbourne location close to the legal precinct, making it an appealing investment option. 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 THE LEASE AT THE END OF THE TERM BY PROVIDING 4 MONTHS NOTICE. This lease also allows for three nights of Owner's Use per year. (Conditions apply) IMPORTANT INFORMATION: RENT: $26,584 pa (Effective April 2026) ($511 per week approx) INCREASE: 3% RETURN: 8.8% Gross (7.3% Nett) LEASE: Until March 2027 OPTIONS: NIL TENANT (Mantra) PAYS: Owners Corporation Admin Insurance General maintenance ESTIMATED OWNER OUTGOINGS: O C Maintenance Fee:$2,083 pa Council Rates:$1,235 pa Water Rates:$1,120 pa Inspection is by private appointment. For further details please contact: Nick Walters of Kingsford Property - 0438 557 885 Nick@kingsfordproperty.com.au 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.