Main view of Homely apartment listing, 1101/480 Collins St, Melbourne VIC 3000
Second view of Homely apartment listing, 1101/480 Collins St, Melbourne VIC 3000
Third view of Homely apartment listing, 1101/480 Collins St, Melbourne VIC 3000
Fourth view of Homely apartment listing, 1101/480 Collins St, Melbourne VIC 3000
Fifth view of Homely apartment listing, 1101/480 Collins St, Melbourne VIC 3000

sold

1101/480 Collins St, Melbourne VIC 3000

$243,000

1 Bed  •  1 Bath  •  0 Car

View the statement of information

Property type: Apartment

Days on Homely: 95

Status: Sold on Fri 29 Nov, 2019

Apartment description

“Well priced investment in a sought after building”

Long term lease to Oaks Hotel with a 7% return!

This investment opportunity is ideally suited to smart investors looking for a high return and a long term lease in place until 2025. This is the perfect set and forget opportunity you have been waiting for with a $17,325 yearly return. 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 admin 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 is located in the Blue chip area of Collins St. Inside the fully appointed 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

Documents

Statement of Information: View

What’s around Collins St

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Nick Richards

Nick Richards

Precinct Estate Agents

Nick Richards

Nick Richards

Precinct Estate Agents

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$243,000

1 Bed  •  1 Bath  •  0 Car

Nick Richards

Nick Richards

Precinct Estate Agents