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903/471 Little Bourke Street

Melbourne, VIC 3000, Australia
$308,000
1 bed 1 bath

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Area Price Guide
$289,520$326,480

Indicative price guide range

🏘️
69
Comparable
📊
$475,000
Area median
⚖️
-35%
vs median
🗓️
3 weeks ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Positioned for both comfort and performance, this spacious, modern apartment offers a rare opportunity to secure a high-yield, set-and-forget investment within a professionally managed hotel environment. Leased long-term to the Mantra Hotel group, the property delivers a reliable annual return of $23,631, representing an attractive 7.4% yield. With the hotel operator managing day-to-day operations, this is a truly hands-off investment ideal for those seeking consistent income without the usual landlord responsibilities. Inside, the apartment showcases a contemporary design with generous proportions and quality finishes throughout. The well-appointed layout includes a sleek, modern kitchen, a stylish bathroom, and a comfortable living space designed to appeal to both short- and long-term guests. Residents and guests benefit from access to excellent on-site amenities, enhancing both the lifestyle appeal and ongoing demand for the property. Key features: Secure long-term lease to established hotel operator Strong net return of $23,631 per annum (approx. 7.4% yield) Spacious layout with modern design and quality finishes Stylish bathroom and well-equipped kitchen Access to premium building amenities Fully managed, hassle-free investment This is an outstanding opportunity to secure a high-performing asset in a sought-after accommodation market-perfect for investors looking for stability, simplicity, and solid returns.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $1,493/month
    $747 /fortnight
    Loan $246,400 at 6.10% over 30 years

    Upfront costs

    Deposit$61,600
    Stamp duty$13,550
    Conveyancing (est.)$2,000
    Total upfront$77,150
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    apartment
    Listing Type
    For Sale
    Bedrooms
    1
    Bathrooms
    1
    Listed
    3 weeks ago

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