1304/480 Collins St, Melbourne, VIC, 3000 - Apartment Sold on 14 01 2016

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Melbourne

SoldJan 14, 2016

1304/480 Collins St, Melbourne, VIC, 3000

$276,000

Apartment

•

30+ days on the market

Sold: Jan 14, 2016

What's around 1304/480 Collins St

Another successful result in 480 Collins St

What a result ! 480 Collins St is really on the move. We know this building inside and out so if you are buying in this building or thinking of selling your great investment property then speak to Nick Richards at Dingle Partners on 0404099310. 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 larger than most with light filled surrounds, neutral tones and huge windows that take in the Melbourne CBD streetscape. 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. Perfect for self managed super funds or just add to your current property portfolio. The current return is a staggering $19691 per year. This effortless investment property has 100% occupancy and you don't even have to pay for the owners corp, council or water rates. Put this together with 2 x 5 year lease ending in 2025 and scheduled 3% increases this is a set and forget investment opportunity. If you are after a great return and future capital growth then this is the investment opportunity for you.

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Seller's review

about 10 years ago

Verified Review

Rating Nic

At first Nic was like a dog at a bone, wouldnt give up on having my listing, he really talked the talk but the more i spoke to him the more i realised that he was going to work hard to achieve a sale and he did exactly that. He kept in close communication and always kept me well informed. Nic acheived a better than expected sale price and i could not be happier, would highly recommend Nic as your agent.

Seller