TURNKEY CBD INVESTMENT | FURNISHED | PRIVATE BALCONY | SECURE INCOME UNTIL JULY 2027
Perfectly positioned in the heart of Melbourne's CBD, this fully furnished and tenanted apartment at 160 Little Lonsdale Street represents a rare opportunity for investors seeking immediate, hassle-free rental income with compelling growth upside.
THE INVESTMENT CASE
Currently leased until 14 July 2027 at $1,955 per month, this property is generating a gross rental yield of approximately 9.4% at the listed price — well above the Melbourne unit market average of 7.97%. With comparable furnished units in the building and precinct now achieving $550–$570 per week, the next lease presents a meaningful rental uplift of 22–27% for the incoming owner.
No vacancy risk. No setup costs. No furniture to source. Simply settle and collect.
THE PROPERTY
Situated on Level 1 of the well-maintained complex at 160 Little Lonsdale Street, this smartly designed apartment offers:
- 1 bedroom | 1 bathroom | private balcony
- 26m² internal + 4m² balcony = 30m² total area
- Fully furnished including all white goods — completely turnkey
- Built 2003 | Capital City Zone CCZ1 — Schedule 1
- Council: City of Melbourne
THE LOCATION
Nestled on Little Lonsdale Street, one of Melbourne's most vibrant CBD addresses, the property sits moments from:
- Melbourne Central, QV and Emporium shopping precincts
- Royal Melbourne Hospital and Melbourne University
- Flagstaff Gardens
- World-class dining, cafes and entertainment
- Excellent tram and train connections at your doorstep
SUMMARY OF INVESTMENT FIGURES
- Listed price: $275,000
- Current rent: $450 per week ($1,955 per month)
- Lease expiry: 14 July 2027
- Gross yield (current): approx. 9.4%
- Projected rent post-lease: $550–$570 per week
- Projected gross yield post-lease: approx. 10.4–10.8%
- Council rates: $725 per annum
- Water rates: $540 per annum
- Owners Corporation fees: $3,572 per annum
- Land tax: $500 per annum (applicable to investors only — not applicable for owner-occupiers)
- Net yield at current rent (investor): approx. 6.57%
- Net yield post-lease at $560 per week (investor): approx. 7.83%
Sold fully furnished including all white goods and fixtures as inspected.
