Melbourne 1703/480 Collins Street

Prestigious Collins Street has never looked so good, with this entry level set and forget investment offering providing secure 7.45% (9.39% gross!!!) nett yield with guaranteed 4% annual rental increase, or option to owner occupy as a pied-a-terre!

Stunning views from the 17th floor across heritage buildings and city skylineCollins Street aspect with plenty of sky from huge windowsFully refurbished with timber finish floors and stone-topped kitchenPlenty of clever storage and built-in deskModern ensuite bathroom with walk in showerComplete with high quality and as-new furnishingsCurrently leased to Oaks on Collins returning an attractive 7% nett Option to terminate the lease with 90 day notice and move inMoments to free tram zone, Sky Bus, and trainsAccess to health facilities including fully equipped gymnasium and sauna
RENTAL INCOME - $25,812.24 per annum

Outgoings for 2023 financial year (approx):
COUNCIL - $710.78
WATER - $989.96
OC FEES - $3,636.08
Approximate
With a location on arguably the best street in the city, this lock up and leave option is fully self-contained and offers a versatile entry into Melbourne’s iconic lifestyle.

Harcourts Melbourne City, Estate Agents, specialising in sales & leasing of Warehouse, Heritage, Unique – WHU properties in Melbourne’s inner city. For information on inner city property for sale or rent or for expert real estate advice visit: melbourneharcourts.com.au or phone us on 03 9664 8100 Whilst every care is taken to ensure accuracy of the sizes, plans & information contained herein no guarantees or warranties are given. Clients are required to make their own investigations, carefully check the formal legal documentation & seek independent professional legal advice.