233 COLLINS STREET, Melbourne, Vic 3000

If you’re in the market for a large two bedroom with a big balcony right in the middle of boutique Collins Street for under $350,000 then we’ve got just what you’re looking for!

Securely leased for another two years years and quietly positioned on the Western side of The Collins Apartment building (opposite Australia on Collins between Swanston & Elizabeth Street).

This contemporary apartment provides good natural light and is surpirisngly large and spacious with 60 sqm sqm, two good size bedrooms, plus a very well proportioned 6 sqm balcony with great views of Southbank to the South with Eureka and the Casino as a backdrop and the city buildings to the North overlooking the busiest part of Collins Street.

Climate Control, fully furnished, very large corner large kitchen with Euro appliances (including dishwasher) 4 plate gas cook top and oven.

Nice big long entry hall with a large living and dining area, good master bedroom with BIR’s and full ensuite (yes ladies with a BIG bath!), separate laundry (complete with washer/dryer combo) and good size second bedroom.

Located on the 10th level, comfortable and secure with high-tech electronic monitoring and...show more security coded access.

Great location, with all the shops and side walk cafes in the old world laneways that Melbourne has to offer. Absolutely positively perfect for the busy city professional looking for a city pad in the future, or the first time investor looking for an entry point in an area where strong capital appreciation can be expected. After all, this is Collins Street!!!

This is truly a fantastic opportunity for any investor looking to add to their existing portfolio or commence investing. Ideally suited for investors looking to negatively or positively gear or contribute towards their superannuation fund. Current rental income $16,836 and leased for 3 years ($324 per week).

Potential rental income based upon current market conditions $500 per week ($26,000 pa) and equating into a very strong 7.5% return.

With Melbourne's population exploding, the demand for rental properties in the CBD is multiplying aggressively and this will push irental pricing and investment income right through the roof over the next three to four years so buying an investment like this now at this price is a very smart and strategic move.

Reasonable outgoings of approximately $3800 pa. Excellent capital appreciation with an approximate expected increase of up to 50% over the next six years - possibly even more as Melbourne's population continues to increase everyday!


INSPECT AS ADVERTISED. CONTACT AGENT FOR FURTHER DETAILS.