Phone Enquiry Property ID: 1458 (Quote when calling or texting)
ATTENTION INVESTORS or FIFO Executives
REDUCED REDUCED REDUCED … must be sold
Showing better than 8% gross yield per annum, this great little earner is for sale. Perfect for FIFO Executives, mumânâdad investors or as an addition to your superannuation portfolio. Leased to The Oaks Group this means that you donât have to go searching for tenants as it is leased 7 days a week, 52 weeks a year and is currently under lease until October 2022, when we will be negotiating a fresh 2 year lease with The Oaks.
Alternately, if you wish to occupy the unit yourself, then the lease may be terminated with 90 days notice.
The unit is located on the 17th floor of 480 Collins Street in the heart of bustling Melbourneâs CBD, close to restaurants, shopping, and corporate Melbourne. The building includes concierge, gymnasium, pool and conference facilitities. The unit is 28 m2 in size and features a queen size bed, ensuite, flatscreen TV, robes, fully equipped kitchenette and generous workspaces. Being on the south side of the building, then there are fabulous view across to the Rialto building and even some bay views in the distance!
Oaks Owners Benefits … In addition to fantastic returns, as an Oaks owner you will receive free membership to the innovative Owner Benefits Program. The Owner Benefits Program offers a great range of discounts and rewards at participating Oaks and iStay resorts and hotels throughout Australia, New Zealand, Thailand and the U.A.E, as well special discounts on accommodation with the Minor Hotel Group across the world.
The benefits donât stop there. The Owner Benefits Program also gives you access to a range of additional discounts with other Oaks Group partners, including half price membership to the Coffee Club VIP program, discounted Australia Zoo entry and special NIB package deals.
Currently returning $17,446 pa, this represents an 8% annual yield.
Outgoings include:-
Council Rates â $715 pa
Water Rates – $920 pa
Body Corporate – $4,445 pa
Statement of Information: https://s3-ap-southeast-2.amazonaws.com/documents.renet.cloud/coffsagents/10072677/listing/20860547/1457386/statementofinformation_residential_94511_65.pdf