903/471 Little Bourke Street, Melbourne, Vic 3000-Image

For Sale

903/471 Little Bourke Street, Melbourne, Vic 3000

$318,000

Apartment

Type

Bedrooms

Bathrooms

Published on Monday, May 04, 2026 ( See property details for 903/471 Little Bourke Street, Melbourne, Vic 3000)

$318,000

View the agent price guide.

Nick Richards - Real Estate Agent - Precinct Estate Agents

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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 contemporary, low-maintenance apartment within a managed hotel environment offering reliable income and premium amenities in Melbourne's CBD.

🏡 Property Highlights

Secure long-term lease to established hotel operator
Strong net annual return of $23,631 (approx. 7.4% yield)
Fully managed, hassle-free investment
Spacious layout with modern design and quality finishes
Access to premium building amenities
Ideal for investors seeking stability and consistent income

✨ Key Features

Open-Plan Living
Built-in Robes
Ensuite
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Waterfront / Views
Pet-Friendly
Indoor Laundry

Suburb and Property Insights of Melbourne, VIC 3000

Melbourne's CBD offers vibrant city living with excellent access to shopping, dining, and entertainment. The area boasts strong rental demand, a dynamic business hub, and a thriving cultural scene. Its central location ensures high walkability and convenience for residents and visitors alike. The ongoing development and infrastructure improvements make it a prime choice for property investors. With a mix of modern apartments and historic architecture, the neighbourhood combines lifestyle and investment appeal.

Frequently Asked Questions

What are the benefits of investing in a hotel-managed apartment?

Investing in a hotel-managed apartment provides a hassle-free experience with professional management, reliable income, and access to premium amenities, making it ideal for passive investors.

What is the current rental yield and income for this property?

The property delivers a strong net annual return of $23,631, representing approximately a 7.4% yield, providing a stable income stream.

Are there any ongoing management or maintenance fees?

Management fees are typically included in the hotel management arrangement; specific details can be obtained from the management company.

What amenities are available to residents and guests?

Residents and guests benefit from access to premium building amenities, which may include a gym, lounge areas, and other facilities designed to enhance lifestyle appeal.

Is the property suitable for long-term investment?

Yes, the property is positioned as a set-and-forget investment with a secure lease, making it an excellent choice for long-term, stable income.

What to ask about this property to agent?

Are there any additional costs or fees associated with the hotel lease agreement? What are the terms and conditions of the lease renewal and exit options? Are there any restrictions on personal use or sub-leasing of the apartment? Has the property been recently renovated or updated to meet current standards? Are there any upcoming developments or planning applications in the area that could impact the property? What are the specific management fees and how are they calculated? Is there any history of disputes or issues with the hotel operator or management? Are there any zoning restrictions or easements affecting the property? What is the process for maintenance and repairs within the hotel management arrangement? Are there any known structural or compliance issues with the apartment?

903/471 Little Bourke Street, Melbourne, Vic 3000 - More Details

$318,000

Type: Apartment
Bedrooms: 1
Bathrooms: 1

Price guide

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903/471 Little Bourke Street, Melbourne, Vic 3000 - Point Of Interest

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903/471 Little Bourke Street, Melbourne, Vic 3000

$318,000

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