As mentioned above, I am not sure why you are concerned with 50 celcius. You are in no danger whatsoever of overheating the card.
By the time you setup a watercooling system for your GPU it would end up costing near or probably more than a better performing video card. For instance, a decent waterblock alone will cost around $100. This doesn't include the coolant, hoses, reservoir, pumps, radiator, etc. This is when you can find them available. The 460 is an "older" card and I see a lot of watercooling vendors out of waterblock stock for this generation of card.
You would be much better served spending the money on a higher end video card that produces less heat and performs better, perhaps a GTX560ti 448 core?
To answer your question regarding parts, you would need:
■Coolant
■Reservoir
■Hoses
■Fittings
■Waterblock
■Pump
■Radiator
That is a lot of work and cost to put into a card that is already 2 generations old. Even with watercooling and overclocking you would not be making a wise investment given the marginal performanc increase you would eek out of the thing while imparting a significant amount of risk, compared to simply replacing with a newer video card. Unless you already have a water cooled system and have the heat dissipation overhead to just add a video card waterblock into the loop and even then this would be a debatable choice.
I would definitely save the money planned for watercooling this older card and look at the newer gen 5xx/6xx cards as an investment instead.