903/471 Little Bourke Street
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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 8% 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. 8% 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 Details
- Property Type
- apartment
- Listing Type
- For Sale
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 2 months ago
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Neighbourhood
Living in Melbourne
This 1-bedroom apartment in Melbourne, VIC 3000 sits within reach of public transport, local shops and nearby schools. It is listed 38% below the $470,000 median of 67 comparable apartmentswithin 5 km.
Schools near Melbourne
- Eltham College - Lonsdale Street Campuscombined
- Melbourne Grammar Schoolcombined · Prep-12 · CoEd
- Melbourne Grammar School - Wadhurst Campuscombined
- Victorian College For The Deafcombined · U · CoEd
- Wesley Collegecombined · Prep-12 · CoEd
- Holmes Grammar Schoolsecondary · 11-12
What's nearby
- Lonsdale Street/Queen Street (bus) — 213 m away
- Rapha — 355 m away
- Unnamed — 309 m away
- Unnamed — 333 m away
- Market Street Park — 391 m away
Melbourne at a glance
Full suburb profile- Population
- 54,941
- Median age
- 29
- Household income
- $1,448/wk
- Median rent
- $381/wk
- Median mortgage
- $1,800/mo
Source: ABS Census.
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Suburb market
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Median sold · Unit 1 bed
Compound growth -0.8% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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