1716/480 Collins St, Melbourne VIC 3000

Located in the bustling Collins Tower building on the 17th floor and fully-furnished, this bright apartment is great for investors of all types with a lease in place until 2025. Returning $18,465.72 per annum, and with no owners corp, council or water rates buyers will receive a direct payment from the Oaks Hotel monthly without any hefty management fees. There is also a 3% CPI increase each year. This great investment opportunity is perfect for self-managed superfunds as it provides 100% occupancy, therefore being a set and forget purchase.

Unlike many other CBD investment apartments where you are relying on residential tenants this fantastic property has a commercial tenant that has been in place for over ten years. The rental amounts are paid on time every time and best of all you don't pay thousands of dollars in outgoings every year , so the return is all yours ! If you are after a great return and a 100% reliable tenant this is the perfect investment property for you.

The apartment itself is stylish and modern, and showcases a balcony with panoramic city views, 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.

This is one of the best apartments in the building and must been seen. Make a time to inspect or discuss this investment opportunity with Nick Richards on 0404099310