501/471 Little Bourke Street, Melbourne, Vic 3000

Apartment 501
471 Little Bourke Street, Melbourne

$243,000 (Private Sale)

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

Situated on the fifth floor and on the Eastern side of the building, this is a modern one bedroom apartment of approximately 50 square meters with open plan kitchen, dining and lounge area. In addition to this, there is a large bedroom area with room for two Queen size beds, study area and mirrored robes. A sparkling bathroom completes the picture.

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.

This apartment is in a secure long term lease with the Mantra Group, and is run as a 4 star rated serviced apartment hotel.

Rent: $17,018 pa ($1,418 per month)
(With annual increases between Market Reviews)

Lease: Until March 2018

Options: 2 x 5 year options

Return: 7%

Outgoings: Mantra pays ? Owners Corp Fees, Council Rates, Water Rates, Insurance, and General Maintenance costs.

For further enquires, please contact the agent.

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. Prospective purchasers are advised to carry out their own investigations.