618/480 Collins St, Melbourne, Vic 3000

Another successful sale at 480 Collins St. If you are buying or selling in this building then contact Nick Richards from Dingle Partners on 0404099310.
Located on the bustling Collins Street right opposite Rialto Towers, and a match made in heaven for buyers looking for a low maintenance investment that is safe and secure, this contemporary studio apartment in the 'Oaks on Collins' hotel complex is a CBD winner.
On the 6th floor and coming fully-furnished, this bright pad is great for investors of all types, while buyers will also receive direct monthly payments from the Oaks hotel with a return of $17,239 per annum. This means a genuine 7.12% net return with 3% CPI increase each year and a 2 x 5 year lease ending 2025.
The apartment itself is stylish and modern, and showcases high ceilings, comfortable living with sofa, study desk, and mounted Hisense flat screen TV, stone kitchen with Fisher & Paykel appliances including an induction cooktop and dishdrawer, sleeping area with handy BIRs, central bathroom, split-system cooling, swipe card entry, lift access, and building amenities including a business centre, communal laundry, adjoining ground level food court, and health club with outdoor lap pool, gym, and sauna.
A short walk or tram to brilliant bars, restaurants, cafes, and shops, Batman Park, Crown Casino with world-class entertainment and restaurants, Southbank Promenade, Docklands precinct, and Southern Cross Station.