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$290,000
Prestigious Collins Street has never looked so good, with this entry level set and forget investment offering providing secure 7% 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 skyline
• Collins Street aspect with plenty of sky from huge windows
• Fully refurbished with timber finish floors and stone-topped kitchen
• Plenty of clever storage and built-in desk
• Modern ensuite bathroom with walk in shower
• Complete with high quality and as-new furnishings
• Currently leased to Oaks on Collins returning an attractive 7% nett
• Option to terminate the lease with 90 day notice and move in
• Moments to free tram zone, Sky Bus, and trains
• Access to health facilities including fully equipped gymnasium and sauna
RENTAL INCOME - $2,151 per calendar month - current rent
Outgoings for 2023 financial year (approx):
COUNCIL - $710.78
WATER - $989.96
OC FEES - $3,636.08
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.
107/517 Flinders Lane, Melbourne VIC 3000
Call Rhiannon East on
0417318213
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