1601/480 Collins St
Melbourne


$220,000

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Secure City Investment with Brilliant Returns


For those in search of a safe, secure, and no-fuss investment right in the heart of Melbourne's CBD, this modern studio apartment positioned on the 16th floor of the stylish Oaks on Collins hotel complex is your perfect match.

Ideal for self-managed super funds and with a secure lease until 2025, buyers will receive direct monthly payments from the Oaks hotel with a return of $14,940 per annum equating to a 6.79% return. There is also a 3% CPI increase each year.

The contemporary space is truly worthy of its coveted city address, coming fully-furnished and boasting high ceilings, relaxed living space with study desk, comfortable sofa, and flat screen TV, stone kitchen and fridge, sleeping quarters with BIRs, and a tasteful bathroom.

Also enjoying 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, this enticing prospect is located opposite the Rialto Tower and near Batman Park, city bars, cafes, and restaurants, Crown Entertainment Complex, Southbank Promenade, Docklands precinct, trams, and Southern Cross Station.

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