1017/480 Collins St, Melbourne
Brilliant investment with a 6.9% return - Oaks on Collins
This investment opportunity is ideally suited to smart investors looking for a high return of 6.9%. With a long term lease in place until 2025 this is the perfect set and forget opportunity you have been waiting for. With a $19838 yearly return paid in 12 monthly payments this is perfect for SMSF or savvy investors looking for an investment property that provides 100% occupancy. Best of all you don’t even need to pay owners corporation fees*, council or water rates. All this together with 3% rental increases per year make this the investment opportunity of the year.
• You do not pay for any owners corporation admin fees*
• You do not pay for any council rates, water rates
• You do not pay any usage charges for electricity or water
• No late payments on rent – payed monthly on time
• No GST on the purchase price
• 100% occupancy with a long term lease (2025)
• You do not pay for any damage
• Monthly and yearly statements sent directly to you
• No need for a real estate agent or property manager
• Stable returns with yearly 3% increases
This apartment has a sizeable balcony adding to the larger than normal internal space, making this unit one of the larger types in the building. Inside the fully appointed and refurbished studio includes stone benches, air-conditioning, robes, and a fully equipped kitchen. Take the opportunity to purchase into one of Australia’s leading Hotel chains and capitalise on this sound investment. Take the time to inspect or ask for a copy of the contract.
Call Nick on 0404 099 310