508/471 Little Bourke Street, Melbourne, Vic 3000

For Sale

508/471 Little Bourke Street, Melbourne, Vic 3000-Image

508/471 Little Bourke Street, Melbourne, Vic 3000

$349,000-$359,000 Offers

Apartment

Type

Bedrooms

Bathrooms

Published on Saturday, July 04, 2026 ( See property details for 508/471 Little Bourke Street, Melbourne, Vic 3000)

$349,000-$359,000 Offers

View the agent price guide.

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A spacious, secure, and high-yield apartment in Melbourne's legal precinct, offering long-term lease stability and excellent amenities.

🏡 Property Highlights

Secure lease until 2029 with options extending to 2049, ensuring long-term stability.
Approx 72m2 spacious apartment in the heart of Melbourne's legal precinct.
High rental income with $32,467.80 annually and 3% increases, delivering strong cash flow.
Excellent on-site amenities including gym, sauna, and a restaurant & bar.
Generous bathroom with separate shower and bath, and a large master bedroom with BIR.
Ideal for self-managed super funds or investors seeking positive cash flow and long-term growth.

✨ Key Features

Open-Plan Living
Built-in Robes
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Waterfront / Views
Outdoor Area / Balcony
Internal Laundry
Ceiling Fans
Extra Storage (Shed/Linen)

Suburb and Property Insights of Melbourne, VIC 3000

Melbourne's legal precinct offers a vibrant and central location with excellent access to courts, government offices, and public transport. The area boasts a mix of modern apartments and historic buildings, providing a dynamic urban lifestyle. Residents enjoy proximity to cafes, restaurants, and cultural attractions, making it ideal for professionals and investors alike. The neighbourhood is well-served by amenities and offers a secure, walkable environment. Its strategic position ensures strong rental demand and capital growth potential.

Frequently Asked Questions

What are the current lease terms and potential for future rent increases?

The apartment is securely leased until 2029 with options extending to 2049, and annual rent increases of 3% are scheduled, providing predictable income growth.

What amenities are available within the building?

The building features a gym, sauna, lobby/reception area, and an excellent restaurant and bar, enhancing resident lifestyle and appeal.

Is the property suitable for self-managed super funds?

Yes, the property is ideal for self-managed super funds or investors seeking positive cash flow and long-term capital growth.

What is the approximate net return on this investment?

The property offers an approximate net return of 8.2%, making it a highly attractive investment opportunity.

Are there any ongoing maintenance or outgoings I should be aware of?

Annual outgoings include owner-paid OC maintenance fees ($1,100), council rates ($1,481), and water rates ($850), totaling approximately $3,431 per annum.

What to ask about this property to agent?

Are there any upcoming planned renovations or building works that could affect the property? What are the strata or body corporate fees and are there any special levies planned? Are there any restrictions or easements affecting the property? Has the property been inspected for structural issues or defects? Is the property located in a flood or bushfire-prone area? Are there any nearby developments or planning applications that could impact the area? What are the noise levels and neighbour relations like in this building? Are there any hidden costs or additional fees not disclosed? Is the lease with the current tenant fully compliant and transferable? Are there any zoning restrictions that could limit future development or use?

508/471 Little Bourke Street, Melbourne, Vic 3000 - More Details

$349,000-$359,000 Offers

Type: Apartment
Bedrooms: 1
Bathrooms: 1
House Size: 72 m²

Price guide

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508/471 Little Bourke Street, Melbourne, Vic 3000 - Point Of Interest

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508/471 Little Bourke Street, Melbourne, Vic 3000

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