608/47 Lonsdale Street, Melbourne, Vic 3000

For Sale

608/47 Lonsdale Street, Melbourne, Vic 3000-Image

608/47 Lonsdale Street, Melbourne, Vic 3000

$283,000

Apartment

Type

Bedrooms

Bathrooms

Last updated on Saturday, April 25, 2026 ( See property details for 608/47 Lonsdale Street, Melbourne, Vic 3000)

$283,000

View the agent price guide.

Lucas Russell - Real Estate Agent - Kingsford Property - SOUTH YARRA

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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 well-positioned, investment-grade one-bedroom apartment in Melbourne's CBD with a long-term lease and excellent rental return.

🏡 Property Highlights

Long-term lease to established hotel operator with options for renewal
Northerly aspect on the sixth floor with city outlook
Prime CBD location with immediate access to retail, dining, and entertainment
Low outgoings with tenants covering council rates, water, and insurance
High rental yield of 8.25% gross and 7.5% net return
Flexible owner use of 30 days per year under lease conditions

✨ Key Features

Open-Plan Living
Balcony
Built-in Robes
Security Screens / Gates
NBN / High-Speed Ready
Open-Plan Living
Waterfront / Views
Ensuite
Ceiling Fans
Internal Laundry

Suburb and Property Insights of Melbourne, VIC 3000

Located at the northern end of Melbourne's CBD, this apartment offers unparalleled access to retail, restaurants, cafes, and the vibrant theatre district. The area boasts excellent walkability, a dynamic lifestyle, and strong demand for rental properties. Its central position ensures convenience for residents and investors alike, with public transport and amenities at your doorstep. The neighbourhood combines urban excitement with a secure, high-yield investment opportunity. Enjoy the benefits of Melbourne’s thriving city centre living environment.

Frequently Asked Questions

What are the benefits of investing in this apartment?

This apartment offers a secure long-term lease with a reputable hotel operator, providing reliable rental income, high yield, and low outgoings, making it an attractive investment opportunity.

Can I use the apartment for personal use?

Yes, the lease allows owners to use the apartment for up to 30 days per year, subject to lease conditions.

What is the current rental income and yield?

The current annual rent is $23,400, with a gross yield of 8.25% and a net yield of approximately 7.5%.

What expenses are covered by the tenant?

The tenant covers owners corporation admin fees, water rates, insurance, and general maintenance costs.

What is the lease term and renewal options?

The lease is until October 2027, with two options for renewal of 10 years each.

What to ask about this property to agent?

Are there any upcoming planned developments or zoning changes in the area that could affect the property value? Are there any restrictions or conditions on owner use during the lease period? What are the long-term maintenance and repair obligations for the owner? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any strata or body corporate fees or special levies applicable to this property?

608/47 Lonsdale Street, Melbourne, Vic 3000 - More Details

$283,000

Type: Apartment
Bedrooms: 1
Bathrooms: 1

Price guide

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608/47 Lonsdale Street, Melbourne, Vic 3000 - Point Of Interest

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608/47 Lonsdale Street, Melbourne, Vic 3000

$283,000

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