1105/480 Collins Street, Melbourne, Vic 3000

Set amongst the hustle and bustle of Melbourne and situated along the coveted golden mile is the Oaks on Collins Hotel. The 4.5 star Hotel complex is a long standing building and has been occupied by the Hotel since 2004. With a long term lease until 2025 and a stable return this is the perfect investment opportunity for smart investors looking for a high rate of return.

This set and forget style investment offers a stable and sought after $18,144 per year, combine this with yearly 3% increases the next due on October which will bring the return to $18,688 and a 7.05% return. Best of all you do not pay the council rates, water rates or owners corporation fee. As this property has a long term lease (2020 with one further 5 year option) you don?t even need a property manger. This investment opportunity is perfect for SMSF buyers as it offers a high yield and low hassles.

All you do is purchase and the return is yours!

The apartment itself has been renovated 2 years ago and has a lovely aspect looking over the Grand Rialto building and views over looking Collins Street. With a modern fit out and stylish furnishings this is an easy investment that requires minimal outgoings and great prospects for the future.
Please make a time to inspect or call Nick Richards on 0404 099 310.