Ultimate investment opportunity

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 the largest type in the building with light filled surrounds, neutral tones and huge windows that take in the Melbourne CBD skyline.

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

$18,695.99 per year net return or 6.8% per year

- Perfect for self managed super funds, steady income stream.
- You do not pay for owners corporation administration or maintenance, council or water rates payments
- Set and forget, the hotel looks after your investment so you can relax
- No late payments of rent, monthly payments from Oaks hotel of $1557.99
- 100% occupancy, long term tenancy to an establish company
- 3% CPI increase each year
- No Management fees, no need to pay an agent 7% plus for property management.
- No more messy tenants, the hotel cleans and maintains daily.
- Fully-furnished and with superb modern character and great natural light.
- Central living zone with study desk and flat screen TV, stone kitchen with breakfast bar
- Fisher & Paykel appliances including an induction cooktop and dishdrawer.
- Tasteful bathroom, reverse cycle heating and cooling.
- Facilities include a business centre, communal laundry, ground level food court.
- Health club with outdoor lap pool, gym, and sauna.
- Surrounded by amazing city attractions and near Rialto Towers, Crown Casino, Southbank Promenade, Batman Park, Docklands, trams, and Southern Cross Station.

- Perfect for self managed super funds, steady income stream.
- You do not pay for owners corporation administration or maintenance, council or water rates payments
- Set and forget, the hotel looks after your investment so you can relax
- No late payments of rent, monthly payments from Oaks hotel of $1557.99
- 100% occupancy, long term tenancy to an establish company
- 3% CPI increase each year
- No Management fees, no need to pay an agent 7% plus for property management.
- No more messy tenants, the hotel cleans and maintains daily.
- Fully-furnished and with superb modern character and great natural light.
- Central living zone with study desk and flat screen TV, stone kitchen with breakfast bar
- Fisher & Paykel appliances including an induction cooktop and dishdrawer.
- Tasteful bathroom, reverse cycle heating and cooling.
- Facilities include a business centre, communal laundry, ground level food court.
- Health club with outdoor lap pool, gym, and sauna.
- Surrounded by amazing city attractions and near Rialto Towers, Crown Casino, Southbank Promenade, Batman Park, Docklands, trams, and Southern Cross Station.

Please note - $18,695.99 includes this years increase of 3% that occured in October

Click here for the Consumer Affairs Victoria Due Diligence Checklist for Home Buyers

Features

airconditioning

Agent Details

Nick Richards

Director

P. 03 9741 9666

M. 0404 099 310

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