lot 67 ( 607 )/47 Lonsdale St
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About this property
Positioned in the heart of Melbourne's vibrant CBD, this exceptional investment opportunity at 47 Lonsdale Street offers the ultimate "set and forget" asset for the astute investor. Securely leased to a hotel operator with a strong annual income of approx $20,481.48*, the property benefits from a long-term lease structure comprising two 10-year options, providing certainty and stability through to 2047. This reliable arrangement delivers a robust, hands-off return, ideal for those seeking consistent income without the day-to-day management. The apartment itself enjoys elevated positioning with impressive city views, enhancing its long-term appeal and underlying value. Located within one of Melbourne's most sought-after precincts, it is surrounded by world-class dining, theatres, retail, and transport options-ensuring enduring demand and strategic positioning. Underpinned by a secure lease and premium location, this property represents a true "bricks and mortar" investment, offering both income security and capital preservation. A rare opportunity to acquire a high-performing asset in a blue-chip CBD location. An ideal addition to any investment portfolio, combining strong returns with long-term peace of mind. *Returns stated are approximates only
Property Details
- Property Type
- apartment
- Listing Type
- Sold
- Bedrooms
- 1
- Bathrooms
- 1
- Listed
- 3 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 56% below the $450,000 median of 85 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
- Melbourne Central rail replacement stop (bus) — 651 m away
- 7-Eleven — 813 m away
- Wesley Place Urban Park — 256 m away
- Unnamed — 467 m away
- University Lawn — 534 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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Melbourne price trend
Median sold · Unit 1 bed
Compound growth -0.8% / yr over 4 yrs
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