714/480 Collins Street, Melbourne, Vic 3000

Are you looking for a set and forget style investment that offers a great return

Located in a prime location inside the bustling Oaks on Collins Hotel this apartment has a great aspect overlooking the beautiful Rialto Building along Collins St. This well equipped studio apartment is the largest type in the building with light filled surrounds, neutral tones and huge windows looking out to your private balcony.

The fully furnished apartment includes an ensuite bathroom, kitchen equipped with oven, cooktop and dishwasher, air conditioning and built in robes. Located in one of Melbourne's busiest hotels this apartment has access to a gym and pool along with onsite conference facilities and concierge

Lease details
Term - 2020 with a further 5 year option
Rent - Current return per year is $18,366.96 plus a 3% increase in October next year
ROI - 7.06% NET

Owners benefits include the following

Long term lease till 2025
7 % plus net returns available
Owners do not pay owners corp fees, council or water rates
Yearly 3% CPI increases
Set and forget lease to one of Australia's largest Hotel chains
100% occupancy and rent paid on time

If you are frustrated with your current returns then this could be what you are looking for.

Call Nick Richards today to discuss on 0404 099 310